The Technological Advancement of the Production Process is significantly driving the growth of the Global Direct Reduced Iron (DRI) Market.

The global DRI market is anticipated to grow at a considerable CAGR of 7.4% during the forecast period (2021-2027). 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.

Browse the full report description of “Global Direct Reduced Iron (DRI) Market Size, Share & Trends Analysis Report by Form (Lumps, Pellets, and Fines), by Production Process (Coal-based and Gas-based), and Application (Steel Production, Construction, and Others) Forecast Period (2021-2027).” at https://www.omrglobal.com/industry-reports/direct-reduced-iron-dri-market

Market Coverage

• The market number available for – 2020-2027

• Base year- 2020

• Forecast period- 2021-2027

• Segment Covered- 

o By Form

o By Production Process

o By Application

• Regions Covered-

o North America

o Europe

o Asia-Pacific

o 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.

Key questions addressed by the report

• What is the market growth rate?

• Which segment and region dominate the market in the base year?

• Which segment and region will project the fastest growth in the market?

• How COVID-19 impacted the market?

o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

• Who is the leader in the market?

• How players are addressing challenges to sustain growth?

• Where is the investment opportunity?

Global DRI Market Report Segment

By Form

• Lumps
• Pellets
• Fines

By Production Process

• Coal-based
• Gas-based

By Application

• Steel Production
• Construction
• Others

Global DRI Market Report Segment by Region

North America

• United States

• Canada

Europe

• UK

• Germany

• Italy

• Spain

• France

• Rest of Europe 

Asia-Pacific

• China

• India

• Japan

• South Korea

• Rest of Asia-Pacific 

Rest of the World

• Latin America 

• Middle East & Africa

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