Global DRI output falls during August

BRUSSELS (Scrap Monster): The preliminary data published by the World Steel Association indicates that the world direct reduced iron (DRI) production in August this year has declined marginally by 4.2% when compared with the previous month.

The world DRI production during the month of August 2015 totaled 4.975 million metric tons, which is lower by 4.23% when compared with the 5.195 million metric tons production achieved during July 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 August this year was 1.455 million metric tons. The country’s DRI output in August remained almost flat when compared with the previous month. Iran’s DRI production in August this year totaled 1.185 million metric tons, which is 5.6% lower when compared with the previous month output of 1.255 million metric tons. The Mexican DRI output in August amounted to 550,000 metric tons, which is flat when compared with the output during July this year.

The DRI output (in thousand metric tons) by the other eleven countries in August 2015 is as follows: Canada (147), Saudi Arabia (512), Trinidad & Tobago (88), Argentina (96), Peru (5), Venezuela (180), Egypt (197), Libya (14), South Africa (140), Qatar (224) and United Arab Emirates (181).

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.