29
Oct
12:46
Mid-East DRI output rises despite Hadeed decline
Direct reduced iron production in the four Middle Eastern countries covered by worldsteel’s monthly report grew 7% on-year in September to 3.38 million tonnes, Kallanish notes.
This is despite Saudi Arabia’s largest producer, Hadeed, seeing output fall an estimated -8.8% to 415,000t. Crude steel output that month is, however, estimated to have grown 6.4% to 425,000t. Direct reduced iron output in January-September thus fell -7.9% on-year to…
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Anonymous
Very good overview of the weekly steel market.
Anonymous