An Iranian mill has concluded an export tender of 30,000 t of sponge iron for China, sources reported. The tender was concluded at around $395/t FCA BIK port and the shipment is scheduled for Aug’21.
Iran’s DRI production increased by 7% y-o-y to reach 8.59 mn t in the first three months of the current Iranian year (21 Mar-21 Jun). Mobarakeh Steel Company remained the largest producer at 2 mn t followed by KSC at 1 mn t.
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