Iran's sponge iron output rises 19 percent in 7 months YoY| MENAFN.COM

Friday, 03 February 2023 06:00 GMT

Iran's sponge iron output rises 19 percent in 7 months YoY


(MENAFN) Output of sponge iron in Iran has surged by 19 percent in the opening seven months of the present Iranian calendar year (March 21-October 22), in comparison with the same span of time in the last year, as declared by the Iranian Steel Producers Association (ISPA).

As shown by the ISPA’s issued figures, Iran has outputted 20.737 million tons of sponge iron in the seven-month time span.

Direct reduced iron (DRI), also named sponge iron, is outputted from the direct decrease of iron ore (in the form of lumps, pellets, or fines) into iron by a decreasing gas or elemental carbon outputted from natural gas or coal. Several ores are appropriate for straight decrease.

Although Iran is dealing with the U.S. harsh restrictions on its economy, and the nation’s different industrial and financial industries have been impacted by the boundaries and problems triggered by the restrictions situations, the nation’s mining area is advancing significantly, overcoming such barriers.

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