Iran exported 3.246 million tons of iron ore concentrate worth $241 million during the first six months of the current Iranian calendar year (March 20-September 21), according to the data released by the Iranian Steel Producers Association (ISPA).

As ISPA reported, the country had exported 3.346 million tons of the product worth $298 million in the first six months of the past year.

Iron ore concentrate export fell 19 percent in terms of value, and four percent in terms of weight, in six months, year on year.

Iron ore concentrate is an output product from processed iron ores that have been milled (crush, grind, magnetic separation, flotation) to separate deleterious elements and produce a high-quality product.

Iron ore concentrates are deep beneficiated iron ore products, used for sintering and blast furnace production, as well as pellet production.