By Paul Ploumis 24 Aug 2015 Last updated at 03:10:04 GMT
The recent statistics released by the World Steel Association indicates further increase in production of Direct Reduced iron (DRI) by world producers during the month of July this year.
BRUSSELS (Scrap Monster): The preliminary data published by the World Steel Association indicates that the world direct reduced iron (DRI) production in July this year has increased significantly by 2.33% when compared with the previous month.
The world DRI production during the month of July 2015 totaled 5.233 million metric tons, which is higher by 2.33% when compared with the 5.114 million metric tons production achieved during June this year.
According to World Steel data, India ranked first in DRI production during the month. Iran and Mexico were the second and third largest DRI producing nations.
The estimated DRI output by India during July this year was 1.635 million metric tons. The country’s DRI output in July increased considerably by 6.24% over the previous month. Iran’s DRI production in July this year totaled 1.255 million metric tons, which is 6.34% lower when compared with the previous month output of 1.340 million metric tons. The Mexican DRI output in July amounted to 500,000 metric tons, which is 4.38% higher when compared with the output during June this year.
The DRI output (in thousand metric tons) by the other eleven countries in July 2015 is as follows: Canada (156), Saudi Arabia (475), Trinidad & Tobago (85), Argentina (61), Peru (7), Venezuela (115), Egypt (235), Libya (25), South Africa (140), Qatar (237) and United Arab Emirates (307).
The World Steel production figures are based on the figures collected from 14 countries, which accounted for more than 87% of the global DRI production in 2014.