16
Dec
16:38
DR grade pellet premium squeezes GCC steelmakers
Direct reduction (DR) grade iron ore pellet producers are “… knowingly” giving blast furnace-based steelmakers an advantage over DRI-based producers by maintaining a very high DR pellet premium. So says Emirates Steel (ESI) chief executive Saeed Al-Romaithi.
This, coupled with increasing natural gas and electricity prices in the Arab region, has significantly increased Gulf Cooperation Council (GCC) DRI-EAF steelmakers’ production costs …
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Anonymous
Very good overview of the weekly steel market.
Anonymous