Direct Reduced Iron Market Key Players, Demand, Growth And Forecast 2024-2033

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Direct Reduced Iron
Global Market Report 2024 Global Forecast 2024
2033 Market Size, Drivers, And Trends
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Direct Reduced Iron Market Segments
The Business Research Company segments the direct
reduced iron market report as
Coal-Based, Gas-Based Or Midrex
ByByTeScohunrocelogy
Pellets, Lumps
BByyFFoorrmm
Steel Making, Construction
BByy AApppplliiccaattiioonn
. . .
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Market Statistics
The direct reduced iron market size has grown

• strongly in recent years. It will grow from
  28.98 billion in 2023 to 31.8 billion in 2024
  at a compound annual growth rate (CAGR) of 9.7.
  The direct reduced iron market size is expected
  to see strong growth in the next few years. It
  will grow to
• 44.31 billion in 2028 at a compound annual
  growth
• rate (CAGR) of 8.7.

44.31 B
31.8 B
28.98 B
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Key Market Drivers And Trends
Drivers Rising demand for steel products is
expected to propel the growth of the direct
reduced iron market going forward. Trends Technolo
gical advancement is a key trend gaining
popularity in the direct reduced iron
market. Region Asia-Pacific was the largest
region in the direct reduced iron market in
2023. The regions covered in the direct reduced
iron market report are Asia-Pacific, Western
Europe, Eastern Europe, North America, South
America, Middle East, Africa
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Top Players In The Market
Major companies operating in the direct reduced
iron market report are Welspun Group,
ArcelorMittal, ArcelorMittal S.A., JFE Steel
Corporation, Cleveland-Cliffs Inc., Kobe Steel
Ltd., Steel Dynamics Inc., Gallantt Group of
Industries, Voestalpine AG, Ternium SA, Liberty
Steel Group, Nucor Corporation, Mobarakeh Steel
Company, Kobe Steel Ltd, Hadeed Steel
Industries, SMS Group GmbH, Jindal Steel and
Power Ltd, Qatar Steel Company, Salzgitter AG,
Jindal Shadeed Iron Steel LLC, Tosyali
Algeria,TATA Steel Long Product Limited, Tata
Sponge, Tuwairqi Steel Mills Limited, JSW Ispat
Special Products Limited, Midrex Technologies
Inc., AM/NS India, Tenova SpA, Khouzestan Steel
Company, Essar Steel.
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