World DRI output records modest decline in January

Posted on 02 March 2017
 

Source: Shanghai Metals Market

The preliminary data published by the World Steel Association indicates that the world direct reduced iron (DRI) production in January this year has decreased by 0.68% when compared with the month before that.

The world DRI production during the month of January 2017 totaled 4.705 million metric tons, down by 0.68% when compared with the 4.737 million metric tons production achieved during December 2016.

According to World Steel data, Iran ranked first in DRI production during the month. India and Mexico were the second and third largest DRI producing nations.

The estimated DRI output by Iran during January this year was 1.325 million metric tons. The country’s DRI output in January increased slightly when compared with the previous month. The DRI output by Iran had totaled 1.323 million metric tons during the previous month. India’s DRI production in January 2017 totaled 1.251 million metric tons, which is more or less flat when compared with the previous month output. The Mexican DRI output in January this year amounted to 415,000 metric tons, which remained unchanged when compared with the output during December 2016.

The DRI output (in thousand metric tons) by the other eleven countries in January 2017 is as follows: Canada (113), Trinidad & Tobago (Nil), Argentina (77), Peru (Nil), Venezuela (105), Egypt (260), Libya (95), South Africa (71), Qatar (236), Saudi Arabia (408) and United Arab Emirates (350).

The global DRI production had totaled 53.975 million metric tonnes during the entire year 2016. Iran emerged the top producer with 16,013 million metric tonnes, accounting for nearly 30% of total production by world countries during the year. In second place was India (14.247 million metric tonnes), followed by Mexico (5.306 million metric tonnes). The yearly DRI output (in thousand metric tonnes) by other producing nations were as follows: Canada (1,399), Trinidad & Tobago (129), Argentina (773), Peru (11), Venezuela (974), Egypt (2618), Libya (699), South Africa (702), Qatar (2,506), Saudi Arabia (5,119) and United Arab Emirates (3,479).

The World Steel production figures are based on the figures collected from 14 countries, which accounted for approximately 90% of the global DRI production in 2014.

The monthly statistics released by the world body had also indicated that blast furnace iron production by world countries increased marginally by 1.8% during the month of January this year. The production totaled 97.586 million tonnes (Mt) during the month, as compared with the production of 95.864 Mt during December 2016. The cumulative BFI output during the entire year 2016 had totaled 1.159 billion tonnes.

The BFI output by the Asian region totaled 75.181 Mt during the month, accounting for nearly 77.0% of the total world output. The 28 countries of the European Union recorded an output of 8.252 Mt during January 2017, up considerably by over 12% when matched with the output of 7.360 Mt output reported during the prior month. The CIS region reported BFI production totaling 6.855 Mt during the month. The North American BFI output increased marginally from 2.710 Mt in December ’16 to 2.810 Mt in January ‘17. The output by the US totaled 1.880 Mt, constituting nearly 67% of the total production by the region. The US production has surged higher considerably by nearly 6% from 1.780 Mt in December last year to 1.880 Mt in January ‘17. The blast furnace iron production by South America surged higher significantly by 16.5% over the previous month to total 2.560 Mt in Jan ‘17. Also, Oceania region’s BFI production remained essentially flat during January this year. 



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