Nippon Steel Technology: Global DRI consumption to rise steadily through 2040

The world's demand for direct reduce iron (DRI), a key material in global steel industry's shift toward low-carbon development, is expected to grow steadily over the next 15 years as steelmakers are seeking 'greener' feeds, according to the analysis of Nippon Steel Technology (NSTEC), the research and engineering arm of the world's leading steel producer Nippon Steel based in Japan.

"Essentially, the demand for reduced iron corresponds to the shortfall in steel scrap supply as electric-arc-furnace (EAF) steelmaking advances," Tetsuro Kawai, an official from NSTEC's Global Steel Information Department, told attendees at a webinar held by Mysteel in early March. DRI: a key pathway for low carbon emission steelmaking In EAF