Direct-reduced iron Global production

Where can we get the construction iron we need with guaranteed quality and cheap price? What facilities has Iran Iron Company considered for purchasing construction iron? Many of our dear compatriots face problems when building a house to buy the iron they need, the most important of which are high prices and quality assurance. For easy shopping and also knowing the current prices of direct-reduced iron, you can coordinate with Iran Iron Company because this center has been producing various types of iron for many years.

What is direct reduced iron used for?

How is the iron ore market in Iran progressing? To answer this unique question, you can use the opinions in this section. The market for buying iron in Iran has many developments every year, including the export of this product to other countries, which is very popular with investors, and also many marketers to increase sales of this product usually set up agencies to supply this unique product, which is very valuable.

The price of Iranian iron ore exports for both direct-reduced iron price Magnetite and Hyatt in different grades during the third week of September 2018 was accompanied by a decrease. The rate of decrease in Iran’s iron ore exports varied from 1.1% to 2.6% for different grades and types of iron ore. The price of Iranian iron ore export for direct-reduced iron suppliers of 62% carat magnetite was announced as FOB FND equal to $ 32.0. For hematite iron ore, the grade was $ 28.1. The weekly change showed the change in the price of Iran’s exported iron ore and of course iron concentrate in the range of 65 to 67 percent was downward.

Global demand for direct-reduced iron

The price of hematite iron ore is measured based on its grade. Hematite iron ore is used to extract iron. Therefore, a higher percentage of iron in the ore means a higher grade of this product. The price of hematite and magnetite iron ore is higher than other types of iron ores. What is the reason for this? Iron ore is actually iron ore extracted from mines, available in a variety of magnetite, hematite, limonite and citrate. Among the types of iron ores, iron ore has the highest grade of hematite and magnetite.

For this reason, these types of iron ores have a higher price. Although the price of hematite and magnetite iron ore is higher, Lee is the most popular among buyers of this product due to its higher efficiency in iron extraction. The reason for the high price of hematite and magnetite iron ore compared to other deposits in the above brief explanation. Now it is better to mention how iron is processed from iron ore.