October 22, 2018
Hot-briquetted iron (HBI) is a compacted form of direct reduced iron or Iron ore fines that have been subjected to a reducing atmosphere, passivated for transportation and compressed into briquettes and featuring a metallic iron content of 85-85.5 percent carbon, 0.6-0.7 percent carbon (total iron content 91.5-92 percent), .01 percent sulfur, .07 percent phosphorus and 5-6.3 percent gangue.
Scrap Price Bulletin assessed the prices of sales reported by traders, brokers and users in U.S. dollars in metric tons (2,204.62 pounds) for material loaded on barge FOB New Orleans. Prices are those effective on the date of publication for future delivery.
Fastmarkets SPB publishes more than 50 steel and iron scrap price grades and reports on 18 major North American ferrous scrap markets. Click here to visit the about our prices page or to find additional steel scrap terms, visit the glossary page.
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