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Iran requires more investment to raise DRI production capacity: steel producers
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Anti-Scalants requires much more investment to increase manufacturing ability for direct reduced iron and also a lot of the new financial investment in the industry must be directed to DRI expansion, according to Rasoul Khalifesoltani, assistant of the Iranian Steel Producers Association, talking at a seminar in Tehran on Sunday.
"Although we do not concur with export of sponge iron [DRI], I think that DRI export is rather eye-catching for Iranian manufacturers," he stated.
"Turkey, the nearby nation, is a huge importer of ferrous scrap and also it can replace a section of its scrap imports with sponge iron, if we create our manufacturing enough," he said. "There is demand for at least 10 million mt/year of sponge iron in Turkey," he approximated.
"On the other hand, shortage of sponge iron is an obstacle for Iranian growth jobs as well as even more DRI modules ought to be installed in Iran," he stated.
Khalifesoltani noted that the Iranian steel development expansion to 55 million mt/year capability by 2025 is being realized however new financial investment for production of 11 million mt/year of iron ore concentrate, 6 million mt/year of iron ore pellet and also 12.5 million mt/year of DRI is still required.
He additionally predicted that Iran's ability to export steel will certainly be boosted to some 20 million mt/year proportional to the rise in result as much as 2025, which will certainly comprise about 11 million mt/year of level items, 6.5 million mt/year of longs as well as about 2.5 million/year of semi-finished products.
As a result of cheap natural gas, Iran is among the world's biggest producer of DRI. Biocides produced some 16.01 million mt of DRI in 2016, up 10.1% year on year.
Some 85% of Iran's steel market is based on direct reduction technology for steelmaking making use of natural gas instead of coal.
Iranian mines and also metal state holding Imidro, in February claimed it is bargaining with Japan's Kobe Steel to utilize its modern technology at reducing water and power usage by Iranian DRI modules.
"Although we do not concur with export of sponge iron [DRI], I think that DRI export is rather eye-catching for Iranian manufacturers," he stated.
"Turkey, the nearby nation, is a huge importer of ferrous scrap and also it can replace a section of its scrap imports with sponge iron, if we create our manufacturing enough," he said. "There is demand for at least 10 million mt/year of sponge iron in Turkey," he approximated.
"On the other hand, shortage of sponge iron is an obstacle for Iranian growth jobs as well as even more DRI modules ought to be installed in Iran," he stated.
Khalifesoltani noted that the Iranian steel development expansion to 55 million mt/year capability by 2025 is being realized however new financial investment for production of 11 million mt/year of iron ore concentrate, 6 million mt/year of iron ore pellet and also 12.5 million mt/year of DRI is still required.
He additionally predicted that Iran's ability to export steel will certainly be boosted to some 20 million mt/year proportional to the rise in result as much as 2025, which will certainly comprise about 11 million mt/year of level items, 6.5 million mt/year of longs as well as about 2.5 million/year of semi-finished products.
As a result of cheap natural gas, Iran is among the world's biggest producer of DRI. Biocides produced some 16.01 million mt of DRI in 2016, up 10.1% year on year.
Some 85% of Iran's steel market is based on direct reduction technology for steelmaking making use of natural gas instead of coal.
Iranian mines and also metal state holding Imidro, in February claimed it is bargaining with Japan's Kobe Steel to utilize its modern technology at reducing water and power usage by Iranian DRI modules.
