The weekly change of mineral’s price: Product Difference/MT Rhodium +6% Indian Galvanized Sheets +3.9% Indian Sponge Iron (DRI) +3.6% London Copper -0.6% PB -1.7% Concentrate -7.2% Pellet -8.2% Costs to produce one MT of steel in China: The growth of iron ore price to over 125$ per MT has made the costs of…
Iron ore as the main raw material used widely in steelmaking is more integral to the global economy than any other commodity! About 98% of the mined iron ore is applied to produce steel which has extended uses in manufacturing of roads, railways, vehicles, appliances, buildings, and other infrastructures. Durability and strength of iron ore…
Iron ore refers to rocks and minerals from which metallic iron is extracted for commercial uses. This extracted iron is used for manufacturing steel which the most consumed metal globally by tonnage and purpose. Iron ore is the main ingredient in steel. Steelmaking is the process for producing steel from iron ore and scrap. It…
Iran High Potential in Industrial Minerals: Iran is among the ten first countries of the world in terms of mineral resources. It has the first place in the Middle East. According to the Islamic Parliament Research Center, about 7% of the world’s mineral resources are located in Iran. Huge available resources of Iran make it…
