DRI demand may be limited: analyst
Nov 15, 2013 | 05:15 PM
NEW YORK There may not be much room left for additional direct-reduced iron (DRI) facilities to supply domestic steelmakers, according to one analyst, although the situation could change given a strong manufacturing boom, a move toward higher-value goods and increased dependence on shale gas.
DRI demand in the United States is expected to total around 4.6 million tons by the end of 2017, Alex Laugharne, a senior consultant at London-based CRU International Ltd., told delegates during CRUs North American Steel Conference this past week. "What this means is that beyond the Nucor (Corp.) plant thats just about to come on stream ... theres not a huge amount of room....
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