DRI demand may be limited: analyst

Nov 15, 2013 | 05:15 PM |

Tags  direct reduced iron, DRI, outlook, dDRI emand forecast, CRU International, analysis, Alex Langharne, natural gas nat gas prices

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 CRU’s North American Steel Conference this past week. "What this means is that beyond the Nucor (Corp.) plant that’s just about to come on stream ... there’s not a huge amount of room....

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