
Base Metals · HS 7203 · verified suppliers & live price
Direct Reduced Iron (DRI) in strip form is an intermediate iron product produced by reducing iron ore without melting, yielding 92-96% iron content. Primary applications include electric arc furnace (EAF) steel production, foundries, and powder metallurgy. International trade features two principal grades: premium (low impurities, 94-96% Fe) and standard (90-93% Fe). India dominates global production and exports, followed by Russia, Iran, and Mexico. Buyers should verify moisture content carefully, as DRI absorbs atmospheric water readily, affecting flowability and reducing efficiency during processing; proper storage in sealed conditions is essential to maintain product specifications and minimize oxidation losses.
On the Genesis network, DRI (Sponge Iron) (Strip) 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.
DRI (Sponge Iron) (Strip) is priced at approximately $3,042.3 per MT on the live Genesis Index. Request a quote for a firm, escrow-protected offer.
DRI (Sponge Iron) (Strip) 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.
Genesis Trade lists verified DRI (Sponge Iron) (Strip) 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.
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.