Iron ore pellets are the main source of iron required by the world's steel industry. As such, the ore is essential for steel production, which in turn is necessary to maintain a strong industrial base and its price Is per ton as well. About 98% of the iron ore is used to make steel. Iron ore is mined in more than 50 countries around the world. Seven countries larger than these producers account for about three-quarters of world production. Australia and Brazil together dominate the world's iron ore exports, each accounting for about a third of the total. China is among the largest importer and consumers of iron ore and byproducts of steel. What is iron ore? Iron ore is a mineral that is the main source and raw material for the steel industry. 5.6% of the earth's crust consists of iron, so iron ore is one of the most abundant minerals. But iron ore cannot be used in its original form and must be purified. There are two structural ways of mining iron and iron ore in the world.
When iron ore is close to the earth's surface and in lumpy form, it is mined by open-air or surface methods. But if the iron ore lies very deep in relation to the earth's surface, it is extracted by underground methods. For this it is necessary to dig a well and reach the iron ore. The majority of iron ore is extracted by open pit mining. There are also some underground mines, but if possible open pit mining is preferred as it is cheaper. Iron ore contains impurities that preclude direct use. Scrap should be removed as early as possible in the early stages of iron production. But before this waste can be removed, the ore must be pulverized to a size much smaller than the size after extraction. Before iron ore can be processed, it must be pulverized, which is done by various rock crushers or grinders. Mined iron ore comes in blocks of various sizes. The largest width is over 1 m (40 in) and the smallest is about 1 mm (0.04 in). However, blast furnaces require piles between 7 and 25 mm. Therefore, the ore must be "crushed" to reduce the maximum particle size.
iron ore price per ton
As mentioned in the previous part, the price of iron ore and iron products are all per ton. compounds in iron ore Iron ore contains different minerals, each with different physical and chemical properties. This difference in properties has led to their widespread use, so understanding the compounds in iron ore is important. Hematite and magnetite are the main minerals in iron ore, limonite, siderite, zeolite, diatomite and macarite are other minerals in iron ore. Hematite Hematite with the chemical formula (Fe2O3) is an iron oxide mineral. This mineral is non-magnetic and comes in a variety of colors from silver to reddish brown. In terms of molecular weight, pure hematite contains 69.9% iron. This type has been the dominant ore in Australia since the early 1960s. magnetite
Magnetite, with the chemical formula (Fe3O4), is an iron oxide mineral, usually black in color and highly magnetic. The second function helps to take advantage of magnetite. In terms of molecular weight, magnetite contains 72.4% iron, which is more than hematite, but magnetite has a lower mineral quality due to the presence of impurities (generally 20-30% iron). This results in higher costs for producing concentrates for steelmaking. Limonite Limonite, with the chemical formula (FeO(OH).nH2O), is one of the most important minerals of iron, also known as hydrated iron oxide. The name limonite should be appropriately restricted to impure hydrated iron oxide (variable moisture content) of colloidal or amorphous character. It is usually brown and khaki in color and is formed by the alteration of other iron minerals such as hematite hydration or siderite or pyrite oxidative hydration. siderite Siderite, also known as pyroxene, is actually an iron carbonate mineral with the molecular formula (FeCO3). This mineral is commonly found in thin layers, clay or coal (as sedimentary material) and in hydrothermal metal veins (as gangue or greystone).
iron ore pellet price
Pellets are iron ore small balls used in steel production. They are made using a technique that uses powder produced during ore extraction that was once considered waste. pill production Granulated or granular iron ore is produced in both fine and coarse-grained forms. To produce granules, the stone is crushed in several stages. Iron ore particles are as fine as 10 mm and as coarse as 10 to 30 mm. Granular or pig iron grades are in the range of 57-63%. Granulated iron is used to feed the blast furnace. Concentrate production Another type of iron used in steelmaking is concentrate. The concentrates are called dense substances and their size is in the micrometer range. To produce concentrates, iron ore goes through different stages. These steps include crushing, grinding, refining and dewatering respectively. In fact, they concentrate low-grade iron ore so that it can be used to produce pellets. pill production Pellets made from iron ore and other additives are called pellets. In other words, pellets are produced using a process of aggregation of concentrates and fine-grained minerals. These iron balls are between 9 and 16 mm in size and have a porous structure. In granulation, after the concentrate is made, it is mixed with various materials such as bentonite, lime, water and cement. Finally, the granules are boiled raw. After baking, the pellets must be cooled in a controlled manner to avoid cracking. There are two basic methods of mining iron ore. When iron ore is close to the earth's surface and in lumpy form, it is mined by open-air or surface methods. But if the iron ore lies very deep in relation to the earth's surface, it is extracted by underground methods. For this it is necessary to dig a well and reach the iron ore. The majority of iron ore is extracted by open pit mining. There are also some underground mines, but if possible open pit mining is preferred as it is cheaper.
iron pellet price per ton
Iron ore powder is agglomerated into pellets, which are then hardened using a furnace to produce iron ore pellets per ton. These are usually sent to blast furnaces or direct reduction ironworks as part of the steelmaking process. Design and deliver the world's largest direct grating system to get the right price. The separation of high-quality material and waste during the concentration process is carried out in the following ways: 1- Separation based on magnetism: In this method, ferromagnetic, paramagnetic, and diamagnetic compounds are identified and easily separated according to the behavior of the iron ore in a magnetic field. 2- Gravity separation: There are two methods for this method, including the shaking table method and the use of heavy media.
- A) Shaking method: In this method, the lighter components are moved to the bottom of the cavity, and the heavier components are clamped between the jaws of the machine by the water flow and crushed.
- b) Heavy mediators: Use a series of heavy mediators to combine these substances with water so that those with a higher density than water settle and the light ones remain suspended, with a series of compounds in between. place.
3- Flotation (flotation) or separation based on mineral surface properties: In this method, the particles are poured into water, the hydrophilic particles are wetted and settled, and the hydrophobic particles remain liquid. Both hydrophilic and hydrophobic particles can be ideal and depending on the purpose and whether we need minerals or waste, we can settle or float as needed. This method is done by introducing air bubbles to help the particles float. 4- Separation based on optical, radioactive, and mineral properties 5- Separation based on mineral conductivity
iron price per ton
The price of briquetted iron and byproducts of iron have experienced a big fluctuation in the past decade. The prices are calculated per ton. Supply and demand Supply and demand greatly influence the determination of steel market prices. In fact, the more iron is produced and supplied to the market, the price of the product will decrease, and as consumption and demand decrease, the price will increase.
- Demand from related industries
Another factor and valid condition for predicting rebar and iron prices are the needs of related industries. Industries like automotive, petrochemical, packaging, etc. require iron and if the performance of these industries improves, the demand for iron will also increase. Of course, with this in mind, we need to examine the growth in demand for the steel industry in the global market, as the growth in domestic industry demand will not have much impact on prices. inflation The impact of inflation on iron and rebar price estimates cannot be ignored. As inflation rises, the price of iron raw materials rises, affecting the overall price of these products.
- Oil prices
It may interest you that about 15% of iron ore prices depend on oil prices, and therefore, to estimate rebar and iron prices, one must pay special attention to oil prices in order to make a correct forecast.
- Customs duties on exports
Another factor we should be aware of when predicting rebar and iron prices is the tariffs imposed on the export of these raw materials. As the export duties on these goods increase, the prices of these goods will also increase.
- Commodity exchange status
Another factor that directly affects rebar valuation and iron prices is the stock market. Changes in the value of the stocks of companies that supply these products on the stock market will affect steel prices.
- Import and export quantity
Among other factors that affect the price of iron and rebar, we can mention the import and export volume of these raw materials. Usually, imports and exports are affected by political changes and developments in the country and sometimes laws passed by the country can affect the price of these products.
iron ore pellet
The iron ore pellets have different kinds of purities in the market and different mines have different quality goods. The world's most important and largest source of iron ore 1- Hamserli Mine: This mine contains 62% pure iron ore, one of the best iron ore in the world owned by Rio Tinto. The mine is located in Australia. The mine's reserves in 2018 were 220 million tons. 2- Calajas iron mine: This mine is located in Brazil and is owned by Vale, with a deposit of about 2.7 billion tons and a purity of 66%. 3- Chichester Hub Iron Mine: This mine is also located in Australia with reserves of around 100 million tons and a purity of 58%.4- Yandi Iron Mine: This mine is also located in Australia and has a reserve in 2020 of 80 million tons. 5- Montville Beck Iron Mine: One of the other mines in Australia, one of the largest open pit iron mines in the world, measuring 1.5 x 5 km. The mine is 69% clean and has 77 million tons of reserves in 2020. 6- Session Mine: The mine is located in South Africa with a reserve of 919 million tons and a purity of 59%. In the past, the first source of sponge iron extraction was peat bogs. A Swamp peat is a swamp or spongy bog that contains large amounts of peat. Beneath such swamps, one can find rich deposits of iron ore. These signs were the main source of Iron Age metalwork. Today, such reserves are generally considered uneconomic. In addition, their small size cannot meet the growing human demand for iron sources. Apart from the Iron Age, the most important aspect of identifying iron ore is to wash possible samples with soap and water solution and then dry them to make it easier to identify the collected samples. If iron ore is not exposed to oxygen, it can be seen as a shiny metallic layer of gray and silver. If it is striated, its appearance is lamellar and vein-like. Typically, each mineral has one or more unique properties that distinguish it from other minerals. Hematite and magnetite, as the main minerals in its stone, have unique properties. The most important characteristic for identifying hematite is its reddish outline color, while the most important characteristic of magnetite is its very strong magnetic properties
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