Cheaper energy spurring surge in DRI: Garza
May 27, 2014 | 04:40 PM
| Michael Cowden
CHICAGO Interest in direct-reduced iron (DRI) is growing in North America thanks to fracking and low-cost natural gas, Tenova HYLs 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.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.