Tag: Hbi

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.

With world steel demand projected to grow, the Direct Reduced Iron (DRI) process has emerged as a crucial alternative to traditional blast furnace methods, offering significant environmental and efficiency benefits. This innovative technology allows for the creation of high-quality iron without melting the ore, directly impacting the decarbonization of the steel industry.

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.