Report overview
Direct reduced iron?(DRI), also called?sponge iron,?is produced from the direct?reduction?of?iron ore?(in the form of lumps, pellets, or fines) into iron by a?reducing gas?or elemental?carbon?produced from?natural gas?or?coal. Many ores are suitable for direct reduction.
This report aims to provide a comprehensive presentation of the global market for Direct-Reduced-Iron (DRI), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Direct-Reduced-Iron (DRI). This report contains market size and forecasts of Direct-Reduced-Iron (DRI) in global, including the following market information:
Global Direct-Reduced-Iron (DRI) Market Revenue, 2018-2023, 2024-2032, ($ millions)
Global Direct-Reduced-Iron (DRI) Market Sales, 2018-2023, 2024-2032, (Tons)
Global top five Direct-Reduced-Iron (DRI) companies in 2022 (%)
The global Direct-Reduced-Iron (DRI) market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2022, While China is Forecast to Reach $ Million.
Gas-based DRI Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Direct-Reduced-Iron (DRI) include Qatar Steel, Kobe Steel Ltd, NUCOR, Midrex Technologies Inc., Khouzestan Steel Company, Welspun Group, Jindal Shadeed Iron & Steel LLC, Tosyali Algeria A.S. and Tuwairqi Steel Mills Limited, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
We surveyed the Direct-Reduced-Iron (DRI) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Direct-Reduced-Iron (DRI) Market, by Type, 2018-2023, 2024-2032 ($ Millions) & (Tons)
Global Direct-Reduced-Iron (DRI) Market Segment Percentages, by Type, 2022 (%)
Gas-based DRI
Coal-based DRI
Global Direct-Reduced-Iron (DRI) Market, by Application, 2018-2023, 2024-2032 ($ Millions) & (Tons)
Global Direct-Reduced-Iron (DRI) Market Segment Percentages, by Application, 2022 (%)
Electric Arc Furnaces
Blast Furnaces
Others
Global Direct-Reduced-Iron (DRI) Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions) & (Tons)
Global Direct-Reduced-Iron (DRI) Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Direct-Reduced-Iron (DRI) revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Direct-Reduced-Iron (DRI) revenues share in global market, 2022 (%)
Key companies Direct-Reduced-Iron (DRI) sales in global market, 2018-2023 (Estimated), (Tons)
Key companies Direct-Reduced-Iron (DRI) sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Qatar Steel
Kobe Steel Ltd
NUCOR
Midrex Technologies Inc.
Khouzestan Steel Company
Welspun Group
Jindal Shadeed Iron & Steel LLC
Tosyali Algeria A.S.
Tuwairqi Steel Mills Limited
ArcelorMittal
Essar Steel
Voestalpine AG
Outline of Major Chapters:
Chapter 1: Introduces the definition of Direct-Reduced-Iron (DRI), market overview.
Chapter 2: Global Direct-Reduced-Iron (DRI) market size in revenue and volume.
Chapter 3: Detailed analysis of Direct-Reduced-Iron (DRI) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Direct-Reduced-Iron (DRI) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Direct-Reduced-Iron (DRI) capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
