Iron Ore & Pellet
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Saudi Arabia’s Iron Ore Pellet Market Outlook Report
9,777€
- TRY: 475,000 ₺
Iron ore pellets generally fall into two categories: direct reduction grade, and blast furnace grade. Direct reduction pellets are mostly used in the production of DRI and usually have higher grades and premiums, while blast furnace pellets are used in blast furnaces and generally have lower premiums. Since there are no blast furnaces in Saudi Arabia for the production of steel, all the iron ore pellets produced in the country is DRI-grade.
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Saudi Arabia’s Iron Ore Fine and Concentrate Market Outlook Report
9,777€
- TRY: 475,000 ₺
Iron ore from mines generally has a grade below 50%; using it to produce crude steel, although technically possible, incurs high production costs and the economy is annulled due to the low recovery rate. Thus, most steelmakers use iron ore with grades above 60% to economically justify their operations. Iron ore processed to be used in the steel chain is in either of two forms: fine, and concentrate. Moreover, iron ore can be divided into magnetite and hematite ore depending on ore type. The easier processing of magnetite iron ore to remove deleterious elements has resulted in higher premiums for this type of iron ore on the market.
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