By Carolina Curiel (ScrapMonster Author)
December 23, 2015 01:37:17 AM
BRUSSELS (Scrap Monster): The preliminary data published by the World Steel Association indicates that the world direct reduced iron (DRI) production in November this year has dropped marginally by 2.38% when compared with the previous month.
The world DRI production during the month of November 2015 totaled 4.640 million metric tons, down 2.38% when compared with the 4.753 million metric tons production achieved during October this year.
According to World Steel data, India ranked first in DRI production during the month. Iran and Saudi Arabia were the second and third largest DRI producing nations.
The estimated DRI output by India during November this year was 1.445 million metric tons. The country’s DRI output in November declined slightly when compared with the previous month. The DRI output by India had totaled 1.494 million metric tons during the previous month. Iran’s DRI production in November this year totaled 1.170 million metric tons, which is 3.31% lower when compared with the previous month output of 1.210 million metric tons. The Saudi Arabian DRI output in November amounted to 405,000 metric tons, which is marginally lower when compared with the output of 417,000 metric tons during October this year.
The DRI output (in thousand metric tons) by the other eleven countries in November 2015 is as follows: Canada (106), Mexico (365), Trinidad & Tobago (25), Argentina (158), Peru (5), Venezuela (95), Egypt (162), Libya (57), South Africa (135), Qatar (214) and United Arab Emirates (298).
The World Steel production figures are based on the figures collected from 14 countries, which accounted for approximately 90% of the global DRI production in 2014.