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 – 2023-2031
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

Reasons to buy from us –

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
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