Direct Reduced Iron (DRI) Market Is Likely to Experience a Tremendous Growth by 2030

The global DRI market is anticipated to grow at a considerable CAGR of 7.4% during the forecast period. The advancement of DRI production technology is significantly supporting the market growth. Several market players are partnering with the technology developers to remain ahead in the market with a competitive edge. For instance, Tenova HYL, one of the leading companies providing direct reduction technology, was chosen by China’s Sinosteel Equipment and Engineering as the Technology provider for a Direct Reduction Micro-Module for the DRI plant- “Empresa Siderúrgica del Mutún” (ESM) at Puerto Suárez, municipality of Santa Cruz Department in Bolivia in February 2019. The direct reduction technology of Tenova will be used for the first stage of this project, which will include a 250,000 metric t/year DRI facility, 650,000 metric t/year concentration plant, 400,000 metric t/year pelletizing facilities for Mina El Mutún, and a steel plant with a continuous caster and rolling mill with a total capacity of 190,000 metric t/year of long products.

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Market Coverage

•             The market number available for – 2023-2030

•             Base year- 2023

•             Forecast period- 2024-2031

Segment Covered- 

• By Form
• By Production Process
• By Application

Regions Covered-

• North America
• Europe
• Asia-Pacific
• Rest of the World

Competitive Landscape- including ArcelorMittal S.A., Kobe Steel, Ltd., Jindal Shadeed Iron & Steel LLC, Midrex Technologies, Inc., Emirates Steel, Iran International Engineering Co., EZZ Steel, and others.

DRI Market Report Segment

By Form

• Lumps
• Pellets
• Fines

By Production Process

• Coal-based
• Gas-based

By Application

• Steel Production
• Construction
• Others

A full Report of Direct Reduced Iron (DRI) Market is Available@   https://www.omrglobal.com/industry-reports/direct-reduced-iron-dri-market

DRI Market Report Segment by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Spain
• France
• Italy
• Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan

·                  South Korea

·                  Rest of APAC

Rest of the World

·        Latin America 

·        Middle East & Africa

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2.  More than 120 countries are for analysis.

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Article source: https://article-realm.com/article/Business/56389-Direct-Reduced-Iron-DRI-Market-Is-Likely-to-Experience-a-Tremendous-Growth-by-2030.html