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Iron ore production levels (wet vs dry) Production is usually quoted in terms of wet metric tonnes (wmt), and the iron ore price is based on dry metric tonnes (dmt) To adjust from wet to dry tonnes, an 8% reduction is applied to the wet tonnes to adjust for moisture content
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Grade of iron ore is usually determined by the total Fe content in the ore. Run of mines ores after dry or wet sizing, if it contains normally greater than 62 % of Fe, are known as ‘natural ore’ or ‘direct shipping ore’ (DSO). These ores can be directly used in the production of iron and steel. All other ores need beneficiation and certain processing