Cheaper energy spurring surge in DRI: Garza

May 27, 2014 | 04:40 PM | Michael Cowden

Tags  Tenova HYL, Carlos Garza, direct-reduced iron, DRI, hot-briquetted iron, HBI, scrap, Nucor Voestalpine

CHICAGO — Interest in direct-reduced iron (DRI) is growing in North America thanks to fracking and low-cost natural gas, Tenova HYL’s top executive said.

The surge in DRI interest also comes as steelmakers seek higher-quality raw materials to make more demanding grades of steel, Tenova HYL president and chief executive officer Carlos Garza told AMM via e-mail.

The subsidiary of Milan-based Tenova SpA has been fielding queries related to "many" potential projects, he said.

"Building DRI plants in the U.S., either captive or for merchant supply, is now an attractive proposition both for economic as well as environmental reasons," Garza said.....

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