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  • 25-10-21

    Export of sponge iron in Iran increases 287 percent in 1st 6 months

    (MENAFN)The export of sponge iron in Iran increased 287 percent in the first six months of the current Iranian year in comparison to the previous year same time span.

    In mentioned period of the year, about 673,000 tons of sponge iron was exported.

    Also; in the mentioned period, production of sponge iron in the country dropped six percent to 14.527 million tons.

    Furthermore; direct reduced iron (DRI), also known as sponge iron, is produced from the direct reduction of iron ore (in the form of lumps, pellets, or fines) into iron by a reducing gas or elemental carbon produced from natural gas or coal.

    Iran’s mining sector is moving forward noticeably, defeating barriers, as the country is fighting the US sanctions on its economy, and the country’s different industrial and economic sectors were hit by the difficulties caused by the sanctions condition.

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