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Direct Reduced Iron Global Market Report 2025
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Global Direct Reduced Iron Market Report 2025

Report Price : $4490.00

Pages : 200

Format : PDF

Published : January 2025

Delivery Time : 2-3 Business Days

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Direct Reduced Iron Global Market Report 2025

By Production Process (Coal-Based, Gas-Based Or Midrex), By Form (Pellets, Lumps), By Application (Steel Making, Construction) – Impact of Tariff and Trade War on Market Size, Growth, Trends, and Forecast 2025–2034

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Direct Reduced Iron Market Overview

• Direct Reduced Iron market size has reached to $31.36 billion in 2024

• Expected to grow to $47.39 billion in 2029 at a compound annual growth rate (CAGR) of 9%

• Growth Driver: Increased Infrastructure Investments Expected To Drive Growth In Direct Reduced Iron Market

• Market Trend: Technological Advancements With Direct Reduced Iron Smelting Furnace

• Asia-Pacific was the largest region in 2024.

What Is Covered Under Direct Reduced Iron Market?

Direct reduced iron (DRI), also known as sponge iron, refers to an iron produced by reducing iron ore directly into iron using a reducing gas, such as natural gas or coal, or carbon dioxide. It is an effective feedstock for small-mill electric furnaces to employ lower grades of scrap for the rest of the charge or generate higher steel rates.

The main production processes involved in direct reduced iron are coal-based, gas-based, or midrex. The coal-based direct reduction rotary kiln process was developed to transform iron ore directly into metallic iron without melting the ingredients. The procedure has the advantage of requiring less capital and no coking coal. It is available in the form of Pellets and lumps and is used for steel-making and construction applications.

Direct Reduced Iron Market Size and growth rate 2025 to 2029: Graph

What Is The Direct Reduced Iron Market Size 2025 And Growth Rate?

The direct reduced iron market size has grown strongly in recent years. It will grow from $31.36 billion in 2024 to $33.59 billion in 2025 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to raw material availability, steel industry dynamics, energy efficiency concerns, environmental regulations, and cost competitiveness

What Is The Direct Reduced Iron Market Growth Forecast?

The direct reduced iron market size is expected to see strong growth in the next few years. It will grow to $47.39 billion in 2029 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to global infrastructure development, renewable energy integration, evolving steelmaking technologies, urbanization and construction demand, trade dynamics and supply chains. Major trends in the forecast period include focus on carbon capture and storage (CCS), a shift towards EAF steel production, strategic investments in DRI capacity, and governmental regulations and policies.

The forecast of 9.0% growth over the next five years reflects a modest reduction of 0.3% from the previous estimate for this market. This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US through higher steelmaking expenses, as tariffs on key suppliers like Brazil and Russia limit cost-effective feedstock for domestic steel producers. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

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What’s The Trade War Impact On Metal and Mineral Industry?

The steep increase in U.S. tariffs and the triggered trade tensions in spring 2025 are profoundly impacting the metal and minerals sector by disrupting supply chains for automakers, appliance manufacturers, and infrastructure projects. Domestic mills have raised prices in response to reduced import competition, but capacity constraints limit their ability to meet demand. Mining firms, meanwhile, grapple with retaliatory tariffs on mineral exports, particularly lithium and rare earths. Industry players are investing in scrap metal recycling, lobbying for exemptions, and forming joint ventures with overseas producers to secure stable supply.

How Is The Direct Reduced Iron Market Segmented?

1) By Production Process: Coal-Based, Gas-Based Or Midrex

2) By Form: Pellets, Lumps

3) By Application: Steel Making, Construction

Subsegments:

1) By Coal-Based: Direct Reduced Iron (DRI) From Coal, Sponge Iron Production Via Coal Gasification

2) By Gas-Based Or Midrex: Midrex Process, Hyl Process (HY-Lite)

What Is Driving The Direct Reduced Iron Market? Surging Demand For Steel Products Fuels Growth In The Direct Reduced Iron Market

Rising demand for steel products is expected to propel the growth of the direct reduced iron market going forward. Steel products refer to a wide range of items and materials that are manufactured using steel as the primary raw material. Direct reduced iron is used in the production of steel, where it is used as a substitute for scrap metal and pig iron resulting in lower greenhouse gas emissions and reduced energy consumption. For instance, in 2022, according to the World Steel Association, a Belgium-based international industry association, the steel demand in 2022 is 1840.2 metric tons which is 0.4% more than the previous year and is set to increase 2.2% in 2023 and reach 1881.4 metric tons. Therefore, rising demand for steel products is driving the growth of the direct reduced iron industry.

What Is Driving The Direct Reduced Iron Market? Increased Infrastructure Investments Expected To Drive Growth In Direct Reduced Iron Market

The rising investments in infrastructure development are expected to propel the growth of the direct reduced iron market. Infrastructure development refers to the process of planning, designing, financing, constructing, and maintaining physical and organizational structures and facilities that are essential for the functioning of a society or economy. DRI is used in the production of steel for constructing infrastructure in the energy sector, further supporting the demand for direct reduced iron. For instance, in July 2024, according to the Office for National Statistics, a UK-based Statistics Authority, total investment in infrastructure by the general government rose by 9.6% in 2022, reaching £26.0 billion (approximately $32.8 billion), with £19.3 billion (around $24.4 billion) from central government and £6.7 billion (about $8.5 billion) from local government, while transport projects accounted for £22.5 billion (roughly $28.5 billion), constituting 74.2% of the total investment, a 1.1 percentage point increase from the previous year. Therefore, rising investments in infrastructure development will drive the growth of the direct reduced iron industry.

Who Are The Major Players In The Global Direct Reduced Iron Market?

Major companies operating in the direct reduced iron market include Welspun Group, ArcelorMittal, ArcelorMittal S.A., JFE Steel Corporation, Cleveland-Cliffs Inc., Kobe Steel Ltd., Steel Dynamics Inc., Gallantt Group of Industries, Voestalpine AG, Ternium SA, Liberty Steel Group, Nucor Corporation, Mobarakeh Steel Company, Hadeed Steel Industries, SMS Group GmbH, Jindal Steel and Power Ltd, Qatar Steel Company, Salzgitter AG, Jindal Shadeed Iron & Steel LLC, Tosyali Algeria, TATA Steel Long Product Limited, Tata Sponge, Tuwairqi Steel Mills Limited, JSW Ispat Special Products Limited, Midrex Technologies Inc., AM/NS India, Tenova SpA, Khouzestan Steel Company, Essar Steel

What Are The Key Trends Of The Global Direct Reduced Iron Market? Technological Advancements With Direct Reduced Iron Smelting Furnace

Technological advancement is a key trend gaining popularity in the direct reduced iron market. Major companies operating in the direct reduced iron market are developing innovative products with advanced technologies to strengthen their position in the market. For instance, in October 2022, Metso Outotec, a Finland-based machinery manufacturing company, launched a direct reduced iron (DRI) smelting furnace to decarbonize the steel sector further. Direct reduced iron smelting technology development continues to optimize the process for customer-specific feed materials and complement Metso Outotec’s Planet Positive offering to decarbonize the iron and steel industry.

What Are The Key Trends Of The Global Direct Reduced Iron Market? Strategic Investments Propel Growth In Direct Reduced Iron Market

Major companies operating in the direct reduction iron market are focused on strategic investments, such as the direct reduction plant, to meet growing demand and expand their customer base. A direct reduction plant is a facility where iron ore is processed using a reduction process, typically involving the use of natural gas or hydrogen, to produce direct reduced iron (DRI) for steelmaking. For instance, in August 2023, a Germany-based Raw Materials Manufacturing partnership of Namibian and German companies inaugurated the world's largest direct reduction plant for green iron at RWE's Emsland gas-fired power plant site. This facility, funded by a €3 million contribution from the Lower Saxony Ministry of Environment, is dedicated to reducing iron ore exclusively through the utilization of green hydrogen. The project also involves the examination of the application of sponge iron in steel production, starting in 2024. The choice of Lingen as HyIron's location was influenced by the concentrated presence of hydrogen projects in the broader Emsland H2 region, particularly at the RWE's Emsland gas-fired power plant site. In the forthcoming stages, green hydrogen for HyIron will be generated at RWE's 14-megawatt pilot electrolysis plant, slated to commence operations directly adjacent to the direct reduction plant by the end of 2023.

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Direct Reduced Iron Market Merger And Acquisition: H2 Green Steel And Midrex Collaborate To Advance Carbon Neutrality Efforts

In October 2022, H2 Green Steel, a Sweden-based green steel-producing company, partnered with Midrex. This partnership enables Kobe Steel to invest in H2 Green Steel for plant supply and equity investment to tackle the challenge toward global carbon neutrality jointly. Midrex Technologies, Inc. is a US-based direct reduction ironmaking technology company.

Regional Outlook For The Global Direct Reduced Iron Market

Asia-Pacific was the largest region in the direct reduced iron market in 2024. The regions covered in this market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

What Defines the Direct Reduced Iron Market?

The direct reduced iron market consists of sales of gas-based direct reduced iron and coal-based direct reduced iron. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What is the Market Assessment and Strategic Outlook for the Direct Reduced Iron Industry?

The direct reduced iron market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the direct reduced iron industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

Direct Reduced Iron Market Report Forecast Analysis

Report AttributeDetails
Market Size Value In 2025 $33.59 billion
Revenue Forecast In 2034 $47.39 billion
Growth Rate CAGR of 9% from 2025 to 2034
Base Year For Estimation 2024
Actual Estimates/Historical Data 2019-2024
Forecast Period 2025 - 2029 - 2034
Market Representation Revenue in USD Billion and CAGR from 2025 to 2034
Segments Covered 1) By Production Process: Coal-Based, Gas-Based Or Midrex
2) By Form: Pellets, Lumps
3) By Application: Steel Making, Construction Subsegments: 1) By Coal-Based: Direct Reduced Iron (DRI) From Coal, Sponge Iron Production Via Coal Gasification
2) By Gas-Based Or Midrex: Midrex Process, Hyl Process (HY-Lite)
Regional Scope Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report are Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled Welspun Group, ArcelorMittal, ArcelorMittal S.A., JFE Steel Corporation, Cleveland-Cliffs Inc., Kobe Steel Ltd., Steel Dynamics Inc., Gallantt Group of Industries, Voestalpine AG, Ternium SA, Liberty Steel Group, Nucor Corporation, Mobarakeh Steel Company, Hadeed Steel Industries, SMS Group GmbH, Jindal Steel and Power Ltd, Qatar Steel Company, Salzgitter AG, Jindal Shadeed Iron & Steel LLC, Tosyali Algeria, TATA Steel Long Product Limited, Tata Sponge, Tuwairqi Steel Mills Limited, JSW Ispat Special Products Limited, Midrex Technologies Inc., AM/NS India, Tenova SpA, Khouzestan Steel Company, Essar Steel
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Pricing And Purchase OptionsExplore Purchase Options

Table Of Contents

1. Executive Summary

2. Direct Reduced Iron Market Characteristics

3. Direct Reduced Iron Market Trends And Strategies

4. Direct Reduced Iron Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, And Covid And Recovery On The Market

4.1. Supply Chain Impact from Tariff War & Trade Protectionism

5. Global Direct Reduced Iron Growth Analysis And Strategic Analysis Framework

5.1. Global Direct Reduced Iron PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)

5.2. Analysis Of End Use Industries

5.3. Global Direct Reduced Iron Market Growth Rate Analysis

5.4. Global Direct Reduced Iron Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)

5.5. Global Direct Reduced Iron Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)

5.6. Global Direct Reduced Iron Total Addressable Market (TAM)

6. Direct Reduced Iron Market Segmentation

6.1. Global Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Coal-Based

Gas-Based Or Midrex

6.2. Global Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Pellets

Lumps

6.3. Global Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Steel Making

Construction

6.4. Global Direct Reduced Iron Market, Sub-Segmentation Of Coal-Based, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Direct Reduced Iron (DRI) From Coal

Sponge Iron Production Via Coal Gasification

6.5. Global Direct Reduced Iron Market, Sub-Segmentation Of Gas-Based Or Midrex, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Midrex Process

Hyl Process (HY-Lite)

7. Direct Reduced Iron Market Regional And Country Analysis

7.1. Global Direct Reduced Iron Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

7.2. Global Direct Reduced Iron Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Direct Reduced Iron Market

8.1. Asia-Pacific Direct Reduced Iron Market Overview

Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.3. Asia-Pacific Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.4. Asia-Pacific Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China Direct Reduced Iron Market

9.1. China Direct Reduced Iron Market Overview

9.2. China Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.3. China Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.4. China Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Direct Reduced Iron Market

10.1. India Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.2. India Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.3. India Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan Direct Reduced Iron Market

11.1. Japan Direct Reduced Iron Market Overview

11.2. Japan Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.3. Japan Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.4. Japan Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Direct Reduced Iron Market

12.1. Australia Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.2. Australia Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.3. Australia Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Direct Reduced Iron Market

13.1. Indonesia Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.2. Indonesia Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.3. Indonesia Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14. South Korea Direct Reduced Iron Market

14.1. South Korea Direct Reduced Iron Market Overview

14.2. South Korea Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.3. South Korea Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.4. South Korea Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15. Western Europe Direct Reduced Iron Market

15.1. Western Europe Direct Reduced Iron Market Overview

15.2. Western Europe Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.3. Western Europe Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.4. Western Europe Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Direct Reduced Iron Market

16.1. UK Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.2. UK Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.3. UK Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Direct Reduced Iron Market

17.1. Germany Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.2. Germany Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.3. Germany Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Direct Reduced Iron Market

18.1. France Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.2. France Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.3. France Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Direct Reduced Iron Market

19.1. Italy Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.2. Italy Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.3. Italy Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Direct Reduced Iron Market

20.1. Spain Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.2. Spain Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.3. Spain Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21. Eastern Europe Direct Reduced Iron Market

21.1. Eastern Europe Direct Reduced Iron Market Overview

21.2. Eastern Europe Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.3. Eastern Europe Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.4. Eastern Europe Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Direct Reduced Iron Market

22.1. Russia Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.2. Russia Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.3. Russia Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23. North America Direct Reduced Iron Market

23.1. North America Direct Reduced Iron Market Overview

23.2. North America Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.3. North America Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.4. North America Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA Direct Reduced Iron Market

24.1. USA Direct Reduced Iron Market Overview

24.2. USA Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.3. USA Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.4. USA Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada Direct Reduced Iron Market

25.1. Canada Direct Reduced Iron Market Overview

25.2. Canada Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.3. Canada Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.4. Canada Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26. South America Direct Reduced Iron Market

26.1. South America Direct Reduced Iron Market Overview

26.2. South America Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.3. South America Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.4. South America Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Direct Reduced Iron Market

27.1. Brazil Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.2. Brazil Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.3. Brazil Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28. Middle East Direct Reduced Iron Market

28.1. Middle East Direct Reduced Iron Market Overview

28.2. Middle East Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.3. Middle East Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.4. Middle East Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa Direct Reduced Iron Market

29.1. Africa Direct Reduced Iron Market Overview

29.2. Africa Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.3. Africa Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.4. Africa Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

30. Direct Reduced Iron Market Competitive Landscape And Company Profiles

30.1. Direct Reduced Iron Market Competitive Landscape

30.2. Direct Reduced Iron Market Company Profiles

30.2.1. Welspun Group Overview, Products and Services, Strategy and Financial Analysis

30.2.2. ArcelorMittal Overview, Products and Services, Strategy and Financial Analysis

30.2.3. ArcelorMittal S.A. Overview, Products and Services, Strategy and Financial Analysis

30.2.4. JFE Steel Corporation Overview, Products and Services, Strategy and Financial Analysis

30.2.5. Cleveland-Cliffs Inc. Overview, Products and Services, Strategy and Financial Analysis

31. Direct Reduced Iron Market Other Major And Innovative Companies

31.1. Kobe Steel Ltd.

31.2. Steel Dynamics Inc.

31.3. Gallantt Group of Industries

31.4. Voestalpine AG

31.5. Ternium SA

31.6. Liberty Steel Group

31.7. Nucor Corporation

31.8. Mobarakeh Steel Company

31.9. Hadeed Steel Industries

31.10. SMS Group GmbH

31.11. Jindal Steel and Power Ltd

31.12. Qatar Steel Company

31.13. Salzgitter AG

31.14. Jindal Shadeed Iron & Steel LLC

31.15. Tosyali Algeria

32. Global Direct Reduced Iron Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Direct Reduced Iron Market

34. Recent Developments In The Direct Reduced Iron Market

35. Direct Reduced Iron Market High Potential Countries, Segments and Strategies

35.1 Direct Reduced Iron Market In 2029 - Countries Offering Most New Opportunities

35.2 Direct Reduced Iron Market In 2029 - Segments Offering Most New Opportunities

35.3 Direct Reduced Iron Market In 2029 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2019-2024, $ Billion
  • Table 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion
  • Table 3: Global Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 4: Global Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 5: Global Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 6: Global Direct Reduced Iron Market, Sub-Segmentation Of Coal-Based, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 7: Global Direct Reduced Iron Market, Sub-Segmentation Of Gas-Based Or Midrex, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 8: Global Direct Reduced Iron Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 9: Global Direct Reduced Iron Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 10: Asia-Pacific, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 11: Asia-Pacific, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 12: Asia-Pacific, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 13: China, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 14: China, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 15: China, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 16: India, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 17: India, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 18: India, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 19: Japan, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 20: Japan, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 21: Japan, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 22: Australia, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 23: Australia, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 24: Australia, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 25: Indonesia, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 26: Indonesia, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 27: Indonesia, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 28: South Korea, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 29: South Korea, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 30: South Korea, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 31: Western Europe, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 32: Western Europe, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 33: Western Europe, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 34: UK, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 35: UK, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 36: UK, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 37: Germany, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 38: Germany, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 39: Germany, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 40: France, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 41: France, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 42: France, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 43: Italy, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 44: Italy, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 45: Italy, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 46: Spain, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 47: Spain, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 48: Spain, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 49: Eastern Europe, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 50: Eastern Europe, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 51: Eastern Europe, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 52: Russia, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 53: Russia, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 54: Russia, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 55: North America, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 56: North America, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 57: North America, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 58: USA, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 59: USA, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 60: USA, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 61: Canada, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 62: Canada, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 63: Canada, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 64: South America, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 65: South America, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 66: South America, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 67: Brazil, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 68: Brazil, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 69: Brazil, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 70: Middle East, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 71: Middle East, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 72: Middle East, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 73: Africa, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 74: Africa, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 75: Africa, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 76: Welspun Group Financial Performance
  • Table 77: ArcelorMittal Financial Performance
  • Table 78: ArcelorMittal S.A. Financial Performance
  • Table 79: JFE Steel Corporation Financial Performance
  • Table 80: Cleveland-Cliffs Inc. Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2019-2024, $ Billion
  • Figure 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion
  • Figure 3: Global Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 4: Global Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 5: Global Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 6: Global Direct Reduced Iron Market, Sub-Segmentation Of Coal-Based, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 7: Global Direct Reduced Iron Market, Sub-Segmentation Of Gas-Based Or Midrex, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 8: Global Direct Reduced Iron Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 9: Global Direct Reduced Iron Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 10: Asia-Pacific, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 11: Asia-Pacific, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 12: Asia-Pacific, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 13: China, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 14: China, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 15: China, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 16: India, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 17: India, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 18: India, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 19: Japan, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 20: Japan, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 21: Japan, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 22: Australia, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 23: Australia, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 24: Australia, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 25: Indonesia, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 26: Indonesia, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 27: Indonesia, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 28: South Korea, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 29: South Korea, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 30: South Korea, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 31: Western Europe, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 32: Western Europe, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 33: Western Europe, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 34: UK, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 35: UK, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 36: UK, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 37: Germany, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 38: Germany, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 39: Germany, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 40: France, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 41: France, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 42: France, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 43: Italy, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 44: Italy, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 45: Italy, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 46: Spain, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 47: Spain, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 48: Spain, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 49: Eastern Europe, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 50: Eastern Europe, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 51: Eastern Europe, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 52: Russia, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 53: Russia, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 54: Russia, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 55: North America, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 56: North America, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 57: North America, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 58: USA, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 59: USA, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 60: USA, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 61: Canada, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 62: Canada, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 63: Canada, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 64: South America, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 65: South America, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 66: South America, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 67: Brazil, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 68: Brazil, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 69: Brazil, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 70: Middle East, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 71: Middle East, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 72: Middle East, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 73: Africa, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 74: Africa, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 75: Africa, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 76: Welspun Group Financial Performance
  • Figure 77: ArcelorMittal Financial Performance
  • Figure 78: ArcelorMittal S.A. Financial Performance
  • Figure 79: JFE Steel Corporation Financial Performance
  • Figure 80: Cleveland-Cliffs Inc. Financial Performance

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Frequently Asked Questions

Direct reduced iron (DRI), also known as sponge iron, refers to an iron produced by reducing iron ore directly into iron using a reducing gas, such as natural gas or coal, or carbon dioxide. It is an effective feedstock for small-mill electric furnaces to employ lower grades of scrap for the rest of the charge or generate higher steel rates. For further insights on this market, request a sample here

The market major growth driver - Surging Demand For Steel Products Fuels Growth In The Direct Reduced Iron Market. For further insights on this market, request a sample here

The direct reduced iron market size has grown strongly in recent years. It will grow from $31.36 billion in 2024 to $33.59 billion in 2025 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to raw material availability, steel industry dynamics, energy efficiency concerns, environmental regulations, and cost competitiveness. The direct reduced iron market size is expected to see strong growth in the next few years. It will grow to $47.39 billion in 2029 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to global infrastructure development, renewable energy integration, evolving steelmaking technologies, urbanization and construction demand, trade dynamics and supply chains. Major trends in the forecast period include focus on carbon capture and storage (CCS), a shift towards EAF steel production, strategic investments in DRI capacity, and governmental regulations and policies. For further insights on this market, request a sample here

The direct reduced iron market covered in this report is segmented –
1) By Production Process: Coal-Based, Gas-Based Or Midrex
2) By Form: Pellets, Lumps
3) By Application: Steel Making, Construction Subsegments:
1) By Coal-Based: Direct Reduced Iron (DRI) From Coal, Sponge Iron Production Via Coal Gasification
2) By Gas-Based Or Midrex: Midrex Process, Hyl Process (HY-Lite) For further insights on this market, request a sample here

Asia-Pacific was the largest region in the direct reduced iron market in 2024. The regions covered in the direct reduced iron market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa For further insights on this market, request a sample here.

Major companies operating in the direct reduced iron market include Welspun Group, ArcelorMittal, ArcelorMittal S.A., JFE Steel Corporation, Cleveland-Cliffs Inc., Kobe Steel Ltd., Steel Dynamics Inc., Gallantt Group of Industries, Voestalpine AG, Ternium SA, Liberty Steel Group, Nucor Corporation, Mobarakeh Steel Company, Hadeed Steel Industries, SMS Group GmbH, Jindal Steel and Power Ltd, Qatar Steel Company, Salzgitter AG, Jindal Shadeed Iron & Steel LLC, Tosyali Algeria, TATA Steel Long Product Limited, Tata Sponge, Tuwairqi Steel Mills Limited, JSW Ispat Special Products Limited, Midrex Technologies Inc., AM/NS India, Tenova SpA, Khouzestan Steel Company, Essar Steel . For further insights on this market, request a sample here.

Major trends in this market include Technological Advancements With Direct Reduced Iron Smelting Furnace. For further insights on this market, request a sample here.

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Global Direct Reduced Iron Market Report 2025

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