World DRI output to grow ‘quite considerably’

Jun 12, 2014 | 06:09 PM | Frank Haflich

Tags  steelmaking, raw material, scrap substitute, direct reduced iron, DRI, annual output, forecast, Midrex Technologies Inc. Nucor Corp.

LOS ANGELES — Global production of direct-reduced iron (DRI), aided in part by the increasing availability of natural gas, should increase by at least 5 million tons annually over the next decade with the addition of several large new plants, according to Midrex Technologies Inc.

The Charlotte, N.C.-based DRI plant builder said in a quarterly report that world DRI output in 2013 totaled a record 75.2 million tons, up 2.8 percent from 2012.

Even though DRI production has increased by an average of just under 1.5 million tons annually over the past five years, the industry is expected to grow "quite considerably" in the future, with 16 million tons of capacity under construction, Midrex said. ....

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