Tag: Electric arc furnace

According to the World Steel Association, annual Direct Reduced Iron (DRI) production reached 136.4 million tonnes in 2023, representing a 65.3% increase compared to 2014 levels. The amount of iron DRI used in steelmaking is increasing due to its high purity and consistent quality, particularly in Electric Arc Furnace (EAF) operations focused on sustainable production.

Globally, over 70% of Direct Reduced Iron (DRI) production is dedicated to use in Electric Arc Furnaces (EAF). These high-purity iron products are reshaping the steel industry by providing a cleaner, more consistent feedstock for a wide range of steel products, from automotive sheets to construction materials.

Over 80% of global steel production relies on metallic iron feedstock, with Direct Reduced Iron (DRI) emerging as a crucial component. The primary use of DRI is to serve as a high-quality, low-impurity raw material for steel manufacturing, especially within Electric Arc Furnaces (EAFs).