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Direct Reduced Iron Market Share

Report ID: GMI6398
Published Date: Apr 2024
Report Format: PDF

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Direct Reduced Iron Market Share

The market is consolidated, with prominent players such as JSW Steel Limited, Jindal Steel & Power Ltd., MIDREX Technologies, Qatar Steel Company FZE, and Kobe Steel. Manufacturers are adopting strategic steps, such as mergers, acquisitions, partnerships, and collaboration, to consolidate their market position and meet the growing consumer demand.

Direct Reduced Iron Market Companies

Major players operating in the market include:

ArcelorMittal
Essar
JFE Steel
Jindal Steel & Power Ltd
Jindal Steel & Power Ltd
JSW Steel Limited
JSW Steel Limited
Kobe Steel
Metinvest Holding LLC
MIDREX Technologies
Mobarakeh steel
NLMK Group
NUCOR Corporation
Qatar Steel Company FZE
Sinosteel Corporation
Tata Steel Limited
Tenova S.p.A
Ternium

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Direct reduced iron industry size was USD 67.8 billion in 2023 and is projected to expand at 9.1% CAGR from 2024 to 2032, owing to the increasing urbanization, infrastructure development, and expanding manufacturing sectors.

Cold direct reduced iron (CDRI) market accumulated 76% revenue share in 2023 and is estimated to depict substantial growth between 2024 and 2032, due to the increasing environmental restrictions aimed at decreasing carbon emissions and improving air quality.

MEA direct reduced iron (DRI) system industry held 39.3% revenue share in 2023 and is anticipated to grow at 6.1% CAGR from 2024 to 2032, on account of the strong presence of vast natural resources and the rising emphasis on technological innovations.

ArcelorMittal, Essar, JFE Steel, Jindal Steel & Power Ltd, Jindal Steel & Power Ltd, JSW Steel Limited, JSW Steel Limited, Kobe Steel, Metinvest Holding LLC, MIDREX Technologies, Mobarakeh steel, NLMK Group, NUCOR Corporation, Qatar Steel Company FZE, Sinosteel Corporation, Tata Steel Limited, Tenova S.p.A, and Ternium