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dri sponge iron briquettes price – DRI HBI prices

DRI sponge iron price in Iran are similar to the upstream steel products up to date to be announced. This means that at any moment DRI HBI prices are likely to fluctuate. These fluctuations usually occur under the influence of the world market, either for reasons such as the closure or the so-called “shut down” of one of the major manufacturers or the scarcity of scrap iron at some point in time.

Occasionally, this fluctuation can be as high as $ 20 sponge iron price per ton (sponge iron price today) or more within one to two weeks. And as sponge iron requirements for domestic or export factories are high-tonnage and regular delivery cycles, more precision in closing such contracts and employing official trade experts is felt.

Iran sponge iron price

As you know, the production of sponge iron in Iran is very high. Iran is the largest producer of sponge iron in terms of annual production of sponge iron in line with India. The annual production of sponge iron in our country remains high. Iran is now one of the most important poles in the production and sponge iron export in the world.

Sponge iron is one of the upstream products of the steel chain that is directly used for melting and producing steel products. Therefore, any change in the market conditions of the industry will also affect the price of sponge iron. The price of sponge iron in Iran is affected by global market conditions and volatility due to the export of high volume sponge iron from Iran. In other words, the price of sponge iron fob delivery in our ports is affected by the international market. As you know, the latest price changes for upstream steel products have been rising. The price of sponge iron is no exception.

Sponge iron manufacturers in Iran

The latest reported data on Iran’s production of sponge iron by the World Steel Association is about 2.395 million tonnes, representing an average monthly growth of + 7.6% per cent for the month ending April 2019. Average production growth in the first five months of 2019 is estimated to be + 17.7%.

The growing trend of sponge iron production in our country and the surplus production capacity make it possible for Iran to export sponge iron along with supplying domestic steel plants. Fortunately, Iran’s sponge iron export infrastructure is in place, and sponge iron producers and exporters have begun exporting sponge iron at a large level with a thorough knowledge of the target markets. One of Iran’s most important exporters of sponge iron, which now buys hundreds of thousands of tons of sponge iron annually, is Iraq and Turkey, two neighboring countries.

PERRED persian reduction sponge iron

In Iran, sponge iron is mainly produced in two ways: Midrex dri process and persian reduction process.

Midrex dri process

See the Midrex dri process for producing sponge iron in the video in the first section of this article. The Midrex dri process is now the most commonly used technology in the world for the production of sponge iron. But another method in addition to this technology in our country is used for the production of sponge iron in our country, which is the native technology of Persian reduction technology.

Persian reduction process

PERRED, which stands for Persian Reduction, is a native technology designed by Iranian specialists and successfully applied in the industrial field. Currently, a number of sponge iron producing plants in our country, Iran, have used PERRED technology to produce major sponge iron and are successfully supplying the product.

Among the factories that produce and process sponge iron in a PERRED way, we can mention the Mianeh Steel Company as well as the Ghadir Neyriz Steel Company. Mianeh sponge iron is produced in a Persian Reduction manner. As you know the product of this factory is one of the best type of sponge iron produced in our country Iran. In addition to its widespread use in domestic steel mills, it is being exported to various countries by iron and steel exporters.

Sponge iron export from Iran

Exports of sponge iron with HS code 72031000 are made to various countries such as Kuwait, Oman, Iraq, Turkey, Malaysia, Indonesia, India, UAE, Syria, China, Pakistan and Georgia. This product is exported in bulk and jumbo bag as well as sponge iron briquette.

Sponge iron export from Iran

Simurgh sponge iron co. iran

As we know, the number of steel units equipped with induction and arc furnaces in our country is expanding due to easier access to gas resources. The feedstock for this type of furnace is sponge iron with scrap. Therefore, considering the fact that steel plants are active in our country, supply of domestic factories needs to be a priority.

Export laws of sponge iron of Iran

Due to the need for domestic steel units in Iran, at some time intervals, the Ministry of Industry, Mining and Trade imposes restrictions on the export of sponge iron in order to control and meet the needs of the domestic market. These laws are updated and amended by changing market conditions, which are notified to the customs by the Ministry of Mining and Commerce in the form of a directive.

Export laws of sponge iron of Iran

 

Fortunately, no export of sponge iron is currently banned. But it is conditional. This product can only be exported by the sponge iron factory or its legal representative.

 

Price of sponge iron in stock exchange

Sponge iron is one of the upstream steel products that is also offered on the stock exchange. Sometimes there is a price difference on the stock exchange and on the open market, with the direct involvement of the Steel Association and the Ministry of Industry, Mining and Commerce to control the dri sponge iron price on the stock market, so it is priced at Free market rates vary. And, of course, with proper management, this difference is reduced and becomes very small.

Jumbo Bag Packaging in Sponge Iron Export

Sponge iron is a porous pellet of size 6 to 25 mm which is highly sensitive to oxidation due to its porosity. If this product is exposed to heat and humidity, the oxidation process will proceed faster. So it’s even possible to ignite. In case of oxidation and ignition of sponge iron, unfortunately the carbon of this product is completely squeezed and the so-called sponge iron breaks down and turns yellow. This sponge iron is not usable in electric arc furnaces, especially induction furnaces that are more sensitive to arc furnaces.

Sponge Iron Sensitivity We as a seller and exporter of Sponge Iron recommend to our customers to buy this product in the appropriate packaging called Jumbo Bag which is produced in one ton size. The use of jumbo bags is not economically justified if inland shipping and short distances are used, but in international export and transfer sales, especially if the carriage is by sea and the cargo is exposed to moisture, the use of jumbo bags is strongly recommended.

Iron briquettes price

Of course, the briquetted type of sponge iron does not have the risks mentioned in the previous section. Sponge Iron Briquette is a product of briquettes and compressed sponge iron under briquetting process. The briquetting process is divided into three types of cold briquette production as well as hot briquette production and of course fines sponge iron briquette production. Compressing and reducing the percentage of product porosity reduces the likelihood of oxidation and ignition. Sponge iron briquette is even capable of bulk handling even for distant purposes shipped by sea.

 

The following is a brief explanation of the three types of iron briquettes.

Sponge iron briquettes types

۱) Cold briquetting of sponge iron

Inlet feed of briquetting machine In the production of this type of briquette, the temperature is ambient. Therefore, this product is known as cold briquette. Production of this type of sponge iron briquette is increasing in Iran. Fortunately, given the advantages of its use and application, it has been well received among the domestic steel units, so market and target markets have been provided for this product before production increases. The analysis of first and second degree cold briquette offered by Simorgh iron and steel company of Azerbaijan can be seen below.

 

Cold briquetted iron – Simurgh Iron Company
Grade 1
Detail Item
۸۸-۹۰ % Fetotal
۷۸-۸۰ % Fematal
۹۰ % Metallization
۱٫۵ % Carbon
۰٫۰۳% max Phosphorous (P)
۰٫۰۴ % max Sulphur (S)
۸٫۵ % max (MgO is adjustable due to customer demand) Total gangue (CaO+MgO+Al2O3+…)
۳٫۷-۴ Apparent density (tons/m3)
۲۵-۴۵-۳۵ Size (mm)
۴ % max Under size at loading port
۴۵۰-۵۰۰ Compressive strength (kg/piece)
۳٫۹ Density

 

Cold briquetted iron – Simurgh Iron Company
Grade 2
Detail Item
% ۸۶ Fetotal
%۷۰-۷۲ Fematal
% ۹۰ Metallization
% ۱٫۵ Carbon
۰٫۰۳% max Phosphorous (P)
۰٫۰۴ % max Sulphur (S)
۸٫۵ % max (MgO is adjustable due to customer demand) Total gangue (CaO+MgO+Al2O3+…)
۳٫۷-۴ Apparent density (tons/m3)
۲۵-۴۵-۳۵ Size (mm)
۴ % max Under size at loading port
۴۵۰-۵۰۰ Compressive strength (kg/piece)
۳٫۹ Density

۲) Hot briquetted iron (hbi)

Inlet feed of briquetting machine in the production of hot sponge iron briquettes has a high temperature of about 650 ° C. In fact, the input charge of the briquetting machine is to produce hot iron briquettes with a temperature of 650 ° C. This temperature is exactly the same as that of sponge iron at the exit stage of the direct reduction unit. Iran is one of the few countries in the world and of course in the Middle East that has achieved the technology of production of hot iron briquette. The product is exported annually in large volumes from Bandar Abbas (Martyr Rajai Port) to various countries of the world, including Syria. You can see the analysis of hot briquette sponge iron produced in our country which is also offered by Simorgh Iron and Steel Company.

Hot briquetted iron – Simurgh iron co
Total Fe ۸۸-۸۹%
Metallic Fe ۸۱-۸۲%
Metallization ۹۱-۹۲%
Carbon ۰٫۹۵% (+-۰٫۱%)
Sulphur ۰٫۰۰۷% (+-۰٫۰۰۱%)

۳) Briquetted sponge iron fines

Briquetted sponge iron fines are produced from the fractured and so-called sponge iron fins that are separated from the main product during the product screening process during transfer from the direct reduction unit to the steel line. In the production of Briquetted sponge iron fines, silicate and iron adhesive are also used to agglomerate with sponge iron fins. The grade and analysis of sponge iron fin used for briquette production determines the ultimate quality of sponge iron briquette.

Fortunately, the possibility of briquetting and supplying sponge iron has thus been somewhat resolved. Therefore, it is no longer necessary to use Jumbo Bag bags for export. Unless the buyer himself tells us to use these bags.

Iron briquette production plant

Currently, several briquette iron and steel brewing plants are operating in our country, Iran. Iran is one of the few countries in the world and the Middle East that has achieved the technology of hot briquette production and is now exporting it extensively. More than 90% of the hot briquettes of sponge iron produced in Iran are exported. Countries like Syria, Oman and … are the main buyers of hot sponge iron briquettes from our country.

Cold briquette is also produced by several factories in large volume and is sold domestically in addition to the export sector. Fortunately, the use of cold sponge iron briquettes is also widespread among domestic steel mills, even small units and workshops. The use of sponge iron briquettes has many advantages for the steelmaking unit as it receives adequate training from the supplier unit and has a thorough knowledge of the technology and method of use of the product.

DRI HBI prices

The selling price of sponge iron briquette is often higher due to the secondary processing process used to produce this product on sponge iron. But often because of its advantages over sponge iron, whether in terms of transportation and storage, or the advantages it has in melting units, buyers are welcomed by steel mills and arc furnaces. Are electric, are. One of the major advantages of using sponge iron briquettes compared to sponge iron itself in the smelting process is the possibility of using it with a higher percentage of compound with scrap metal. This provides significant economic savings for the steel plant. Even higher prices can offset the product itself that the steelmaker has had to accept and pay for at the stage of purchase.

As you know, the price of scrap iron is high. The use of 100 percent scrap metal is not economical to melt. For this reason, sponge iron is used in conjunction with melting. Now, if we can increase this ratio of scrap metal to sponge iron or briquette iron, we would have been able to save on the input costs of our steel plant.

Simorgh Iron and Steel Co. Supplier and exporter of upstream products such as iron ore, iron ore concentrate, iron pellets, sponge iron and briquette as well as intermediate steel products such as billet, blume, slab, ingut. Akso final products such as steel rebar. Steel rebar in different sizes, there are four types of rebar a1, rebar type a2, a3 rebar type a4. For more information and to obtain an inventory and order list, you can contact the company through the following links.

You can contact us to buy and sell this product
Simurgh iron and steel company
Contact us
Mrs. Nematzadeh Sales MNG (whats app and skype): 00989146602486
Landline phone: 00984132605249
Fax:+982142694815
Telegram channel: @iron_metals
Website: www.ironore110.com
E-mail: sales@ironmetal.ir
Address: Iran, Tabriz Central Office. Agencies: Tehran, Isfahan, Mashhad.

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