21
Jun
15:13
Middle Eastern DRI output rises despite Sabic slump
Direct reduced iron production in the four Middle Eastern countries covered by worldsteel's monthly report grew 8% on-year in May to 2.51 million tonnes, Kallanish notes.
The growth was driven by a 13% increase in production in the region’s largest producer, Iran, to an estimated 1.62 million tonnes. This supported an 8.8% rise in crude steel output in May to an estimated 1.97mt. Much of Iran’s output growth has been driven by increased steel exp…
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Anonymous
Very good overview of the weekly steel market.
Anonymous