DRI (Sponge Iron)
Base Metals · HS 7203 · verified suppliers & live price
About DRI (Sponge Iron)
DRI (Direct Reduced Iron), commonly called sponge iron, is a solid intermediate product produced by reducing iron ore with natural gas or coal in shaft furnaces, containing 85-95% iron with minimal gangue. It serves as a crucial raw material for electric arc furnace (EAF) steelmaking, replacing scrap steel in regions with limited scrap availability. Principal traded forms include lump DRI and hot briquetted iron (HBI), with HBI preferred for long-distance shipping due to superior density and reduced re-oxidation risk. India dominates global production and exports, followed by Iran, Russia, and Mexico. Buyers must verify DRI's metallization degree (typically 90%+ for quality material) and monitor re-oxidation levels during storage, as moisture exposure significantly degrades product performance and increases transport costs.
Specifications
- Grade / spec
- Pellet form, 92% metallization
- HS code
- 7203
- Trading unit
- MT
- Category
- Base Metals
- Pricing basis
- Genesis Index reference
- Buyer protection
- Escrow.com · inspection on release
Genesis Sourcing Intelligence™
On the Genesis network, DRI (Sponge Iron) currently matches 59 verified suppliers across 6 countries, with an indicative benchmark price. Its Genesis Sourcing Index of 76/100 reflects strong sourcing availability — expect fast, competitive firm offers, every one escrow-protected.
Computed live from the Genesis network — verified‑supplier availability, geographic reach and price transparency. Recalculated continuously; found only on Genesis.
Verified DRI (Sponge Iron) suppliers
Frequently asked questions
What is the current price of DRI (Sponge Iron)?
DRI (Sponge Iron) is priced at approximately $3,041.7 per MT on the live Genesis Index. Request a quote for a firm, escrow-protected offer.
How available is DRI (Sponge Iron) to source?
DRI (Sponge Iron) carries a Genesis Sourcing Index of 76/100 (Strong), based on 59 verified suppliers across 6 countries on the network and live benchmark pricing. Sourcing is strong — competitive firm offers typically return fast.
Who are verified suppliers of DRI (Sponge Iron)?
Genesis Trade lists verified DRI (Sponge Iron) suppliers and exporters worldwide, including Iron Srl Import Export, Ironhawk Resources (Iron Ore Operations) Pty Ltd, Msa Green Iron Food Import Export Pty Ltd, Iron Bull Trading Pty Ltd. Every transaction is escrow-protected.
How do I buy DRI (Sponge Iron) safely?
Request a quote on Genesis Trade. Payment is held by Escrow.com — a US-licensed, regulated escrow provider — and released only after independent inspection and your confirmation of the goods.