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24 Jan 2012 Last updated at 05:11:36 GMT

World direct reduced iron production up 12.2% in 2011

BRUSSELS (Scrap Monster): Global direct reduced iron (DRI) production in the countries reporting to the World Steel Association in 2011 came to 63.5 million metric tons, increasing by 12.2 percent compared to 2010.

Meanwhile, in December 2011, world DRI output totaled 5.34 million metric tons, increasing four percent as compared to the previous month and up by 10 percent year on year.

The worldsteel data show that India was the largest DRI producer among the countries surveyed in 2011.

India's estimated DRI output was 27.56 million metric tons in 2011, increasing 33.5 percent compared to 2010 levels, followed by Iran with a DRI output of 10.15 million mt, up 8.6 percent year on year.

The top 10 DRI producing countries in 2011* are as follows:

Country Volume (x 1,000 mt)
Y-o-y change (%)
India 27560 33.5
Iran 10,150 8.6
Mexico 5945 9
Saudi Arabia 5,153 4.4
Venezuela 4470 18.9
Egypt 2,933 -
Trinidad and Tobago 1,915 9.3
Argentina 1650 5.4
South Africa 1400 -24
Qatar 1335 -37.9

*The 14 countries reporting to worldsteel accounted for approximately 87 percent of total world direct reduced iron production in 2011.
 

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