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Direct Reduced Iron (DRI/HBI) in the world and Russia: Production, Market and Forecast (4 edition)
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This report is currently available in Russian language only. However, we can provide an English version of the report within 3 weeks after receiving a payment.
This report is the fourth edition of the Direct Reduced Iron (DRI/HBI) Market Study.
The objective of the study is to analyze the global DRI/HBI market, covering the period from 2015 to 2025.
A unique feature of this report is its analysis of DRI production in Russia and the provision of information on the main DRI production processes.
The object of the study is direct reduced iron.
This work is a desk study. The following sources of information were used: data from statistical committees of the EAEU countries (including Rosstat, the National Statistical Committee of the Republic of Belarus, the Bureau of National Statistics of the Agency for Strategic Planning and Reforms of the Republic of Kazakhstan); international databases of the UN (UNdata), World Bank, Eurostat; international and European trade data (UN Comtrade, Trade Map); the Federal Customs Service of the Russian Federation (until 2022); the Unified Information System in Procurement; rail transportation statistics; the SBIS database; foreign specialized companies; annual and quarterly reports of securities issuers; Industry and regional press, conference materials, websites of manufacturers and consumers of the products under study; scientific and technical literature, etc.; the Federal Institute of Industrial Property (FIPS) patent database; the InfoMine database, etc.
Research timeframe: 2015-2025, forecast to 2035.
Research geography: Global, Russia, India, Iran, Mexico, Algeria, etc.
Scope: The report consists of 9 parts and contains 132 pages, including 28 tables, 27 figures, and 2 appendices.
The first chapter of the study is devoted to an analysis of the current state of DRI production, highlighting the main production processes and product forms. The chapter also briefly presents the main development trends in DRI production technology.
The second chapter of the study presents characteristics of the main DRI production processes, in particular, Midrex (Midrex®, MXCOL®, HOTLINK®) and HYL/Energiron (HYL ZR). Additionally, characteristics of reduced iron production technologies using liquid-phase reduction and the "hybrid" process (ITmk3, COREX, HIsmelt) are provided. The quality requirements for DRI from several manufacturers are presented.
The third chapter of the study is devoted to an analysis of DRI production worldwide by main technological processes and countries from 2015-2024. The main regions and countries producing DRI, as well as major manufacturing companies, are highlighted.
The fourth chapter of the study lists a number of new DRI production projects in individual countries.
The fifth chapter of the study examines the cost of DRI production globally and in individual countries. A global DRI production cost curve for 2015-2025 is constructed. Chapter 5 of the study analyzes global trade in DRI for the period 2015-2024. Russia's role in the global trade of metallized raw materials is identified.
Chapter 6 analyzes global DRI/HBI prices for 2015-2025.
Chapter 7 presents data on DRI consumption volumes globally and in individual countries for 2015-2024, identifies the main drivers influencing demand for this product, and highlights some of the largest DRI consumers.
Chapter 8 examines the role and place of DRI in the structure of iron-containing raw material consumption in steelmaking.
Chapter 9 presents a forecast for DRI production globally and in Russia through 2035.
The appendix to the report provides contact information for selected DRI market participants and CIS metallurgical companies with experience using metallized raw materials in steel production.
The target audience for this study is:
- DRI market participants – producers and consumers;
- potential investors.
This study is intended to serve as a reference guide for marketing departments and decision-makers working in this market.
Abstract
Introduction
1. Current state of DRI (metallized pellets and HBI) production processes
2. Characteristics of the main technological processes for DRI/HBI production; product quality requirements from various manufacturers
2.1 Midrex process
2.2 HYL ZR process
2.3 ITmk3 process
2.4 COREX process
2.5 HIsmelt process
3. Global DRI/HBI production dynamics by main regions and countries in 2015-2025; leading countries and manufacturing companies
3.1 India
3.2 Iran
3.3 Russia
3.4 Algeria
3.5 USA
3.6 Mexico
4. Commissioning of DRI/HBI production capacities in 2022-2024 and new projects
5. World trade in DRI (including HBI) in 2015-2025
5.1 Global Export Dynamics, Major Exporting Countries
5.2 Global Import Dynamics, Major Importing Countries
6. DRI Price Analysis (Including HBI) in 2015-2025
7. Global DRI Consumption in 2015-2025
8. Share of DRI in Total Raw Materials for Steel Production
9. Forecast for DRI Production Globally and in Russia to 2035
Appendix 1. Contact Information for Companies Producing DRI, Carrying Out Construction and Supplying Equipment
Appendix 2. Contact Information for CIS Metallurgical Enterprises with Some Experience Using DRI
Table 1: Chemical composition and mechanical properties of metallized pellets produced by Varichev OEMK
Table 2: Chemical composition of HBI produced by Lebedinsky GOK
Table 3: Requirements for the chemical composition of DRI in India, %
Table 4: Chemical composition of sponge iron (metallized pellets and HBI) used at the EZZ Flat Steel plant
Table 5: Global DRI production by region in 2015-2024, million t
Table 6: Main DRI-producing countries in 2015-2024, million t
Table 7: Capacity, production volumes of metallized raw materials (million t), and capacity utilisation (%) in India in FY 2018/2019-2023/2024 Table 8: Major Metallized Raw Material Producers in India
Table 9: Major Metallized Raw Material Producers in Iran
Table 10: DRI Production Dynamics in Russia by Enterprise in 2015-2025, Million Tons
Table 11: HBI Shipments by Lebedinsky GOK to Domestic and Global Markets in 2015-2025, Million Tons
Table 12: HBI Shipments by Lebedinsky GOK to Selected Russian Consumers in 2015-2025, Thousand Tons
Table 13: DRI Production in Algeria in 2018-2024 (million tons), global and African share (%)
Table 14: Major metallized raw material producers in Algeria
Table 15: Major metallized raw material producers in the USA
Table 16: Major metallized raw material producers in Mexico
Table 17: Commissioning of DRI/HBI production capacities in 2022-2024 and the construction of new plants in the future for major countries
Table 18: Dynamics of global DRI exports in 2015-2024, major exporters, thousand tons
Table 19: Dynamics of Russian DRI exports by region in 2015-2025, thousand tons
Table 20: Dynamics of global DRI imports by major importers, 2015-2024, thousand tons
Table 21: Estimated apparent global DRI consumption by country in 2015-2024, million tons
Table 22: DRI supply-demand balance in India in 2015-2025, million tons
Table 23: DRI supply-demand balance in Mexico in 2015-2024, million tons
Table 24: DRI Production-Consumption Balance in Saudi Arabia in 2015-2025, million tons
Table 25: DRI Production-Consumption Balance in Algeria in 2015-2024, million tons
Table 26: DRI Production-Consumption Balance in Russia in 2015-2025, million tons
Table 27: Balance of Metal-Containing Raw Materials in Steelmaking Globally and in Russia in 2024, million tons
Table 28: DRI Production Forecast in Russia and the World through 2035, million tons
Figure 1: Midrex process flow chart
Figure 2: HYL ZR process flow chart
Figure 3: ITmk3 process flow chart
Figure 4: COREX process flow chart
Figure 5: HIsmelt melting unit
Figure 6: HIsmelt plant complex flow chart
Figure 7: Global DRI production in 2015-2025, million t
Figure 8: Share of individual technological processes in global DRI production in 2015-2024, %
Figure 9: Share of individual regions in global DRI production in 2015-2024, %
Figure 10: DRI production dynamics and electric steel production in India in 2015-2025, million t
Figure 11: DRI production dynamics in Iran (million t) and the country's share in Global Production (%) in 2015-2025
Figure 12: Dynamics of DRI production in Russia (million tons) and the country's share of global production (%) in 2015-2025
Figure 13: Production of metallized raw materials and their export shipments by OEMK in 2015-2025, million tons
Figure 14: Dynamics of DRI production in the USA (million tons) and the country's share of global production (%) in 2015-2024
Figure 15: Dynamics of DRI production in Mexico (million tons) and the country's share of global production (%) in 2015-2024
Figure 16: Dynamics of metallized raw material production and electric steel smelting in Mexico in 2015-2024, million tons
Figure 17: Dynamics of global DRI exports (million tons) and Russia's share of global exports (%) in 2015-2024
Figure 18: Dynamics of DRI exports from Russia in physical terms (million tons) and value terms (million dollars) in 2015-2025
Figure 19: Share of Individual Regions in Russian DRI Exports in 2015-2025, %
Figure 20: Prices for HBI, Pig Iron, and Scrap on the Global Market in 2022-2025, USD/t CFR
Figure 21: Average Russian Export Prices for HBI in 2020-2025, USD/t
Figure 22: Prices for HBI on the Russian Domestic Market in 2023-2025, RUB/t excluding VAT
Figure 23: DRI Consumption in India in 2015-2025 (million tons), Country's Share of Global Consumption (%)
Figure 24: DRI Consumption in Iran in 2015-2025 (million tons), country's share of global consumption (%)
Figure 25: DRI consumption in Mexico in 2015-2025 (million tons), country's share of global consumption (%)
Figure 26: DRI consumption in South Arabia in 2015-2025 (million tons), country's share of global consumption (%)
Figure 27: DRI consumption in Russia in 2015-2025 (million tons), country's share of global consumption (%)




