Global DRI output down 11.9% in May, Worldsteel says

Global output of direct reduced iron (DRI) decreased by 11.9% year-on-year in May 2015, according to data released by the World Steel Assn (Worldsteel) on Monday June 22.

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

World DRI output fell to 5 million tonnes year-on-year in May, as global production slackened.

The biggest DRI producing nation, India, saw its output decrease by 6.2% year-on-year to 1.7 million tonnes.

Total DRI output in the Middle East decreased by 12.9% year-on-year in May to 2 million tonnes, as each country in the region cut production.

Output in Iran, the world’s second-largest producer of DRI, decreased by 18.2% year-on-year to 1.04 million tonnes, and fell in Saudi Arabia by 1.9% year-on-year to 465,000 tonnes.

Production fell in the UAE by 16.9% year-on-year to 266,000 tonnes and by 1.7% in Qatar to 232,000 tonnes.

In the Americas, Mexico showed a year-on-year decrease in volume, with its production falling to 445,000 tonnes from 487,000 tonnes, while in Trinidad & Tobago it fell by 109,000 tonnes from 140,000 tonnes in May 2014.

May DRI output fell by 42% in Argentina, to 91,000 tonnes, and by 4.2% year-on-year in Canada, to 136,000 tonnes.

However, output rose by 18% year-on-year in Venezuela, to 105,000 tonnes.

In the African region, DRI output in May decreased in Egypt by 16.2% year-on-year to 228,000 tonnes, in South Africa by 4.8% to 140,000 tonnes, and in Libya by 55% to 71,000 tonnes compared with May last year.

The data in the report covers the 13 countries that accounted for about 89% of total world DRI production in 2013.

What to read next
Any bolstering effect on US ferrous scrap exports from the up-month in February’s domestic trade will be tempered in the immediate aftermath of two earthquakes in Turkey — the country’s largest importing region — on Monday, February 6
Steel trading and production have come to a halt in the eastern Turkish region of Iskenderun following a devastating earthquake that hit the region on Monday February 6 and put mills in the area under force majeure, sources told Fastmarkets on Tuesday
A 120-day closure of four Illinois dams scheduled for 2023 will disrupt barge shipments and have potentially both negative and positive impacts on scrap and finished steel products from Canada to Texas
Market participants are cautiously optimistic about a rebound in iron ore concentrate premiums, with steelmakers around the world set to ramp-up production in line with an anticipated increase in demand for steel products, Fastmarkets understands
General Motors (GM) is investing $650 million to develop the Thacker Pass mine in Nevada, the largest known source of lithium in the US and the third largest in the world
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.