China imported no scrap on August 2019. This is the first time since 1999 that China purchased no scrap; end the story that it is the world’s first buyer of scrap! It caused scrap steel price to grow to USD 387, up 18$ compared with previous year. But China government still persists on importing no…
DRI
DRI output of Iran increased to 9.4m tons
According to Financial Tribune, #direct_reduced_iron (#DRI) production in Iran had developed 10% in the first four months of the current Iranian year (March 21-July 22) in comparison with the same period last year. Totally 9.46 million MT of direct-reduced #iron were produced in Iran during the first four months of the current Iranian year. According…