Latest news on China Reduced Iron markets

Mid-East tension poses risks to global DRI supply

For now, any direct impact on global iron ore supply from the recent escalation of conflict in the Middle East seems limited, as Mysteel Global reported. However, concerns about disruptions caused by the geopolitical crisis to the supply of direct reduced iron (DRI), an important raw material for lo

BHP, POSCO ink MoU to pursue 'near-zero emissions' in ironmaking

Australian mining giant BHP and South Korean steelmaker POSCO have signed a Memorandum of Understanding (MoU) to produce iron with 'near-zero emissions' by advancing POSCO's hydrogen reduction ironmaking technology (HyREX), according to BHP's announcement on Thursday.

New iron project to be launched in Western Australia

Athena Resources, an Australian mineral exploration and development company, has signed a Memorandum of Understanding with local firms Warradarge Energy and Fenix Resources to develop what it claims will be a 'green' iron project in Western Australia's mid-west region, according to the company's ann

MAEGMA Minerals, Primetals to build HBI plant in Malaysia

MAEGMA Minerals, a subsidiary of the Malaysian industrial conglomerate Melewar Group, has signed a Memorandum of Understanding (MoU) with Primetals Technologies, part of Japan's Mitsubishi Heavy Industries, to establish a MIDREX Flex plant with a capacity of 2 million tonnes/year of hot briquetted i

FEATURE: Global DRI production on the rise, yet China lags behind

The world's production of direct reduced iron (DRI) is rapidly rising, with the total in 2024 reaching 144.1 million tonnes, higher by 3.9% from the prior year, according to new statistics from the World Steel Association (WSA).

Nippon Steel Technology: Tech advances promise 'zero carbon' DRI production

Compared with other feed materials used in steelmaking such as ferrous scrap and pig iron, direct reduced iron (DRI) has greater potential to significantly reduce carbon emissions through technological innovation, according to Nippon Steel Technology (NSTEC), the research and engineering arm of lead

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 a

India's sponge iron production expected to reach around 55 mnt in FY'25

Crude steel production to grow over 5% y-o-y in FY'25. Sponge iron capacity to touch 70 mnt by FY'30. DRI exports by India may reach 1.4 mnt in FY'25.

India: Sponge iron prices drop by up to INR 550/t on soft steel demand

Billet prices fall by INR 50-500/t. Spot trade volumes increase d-o-d.

India's sponge iron production rises 17% y-o-y in CY'23

Indian crude steel production up 11%, where as IF-EAF route registered 13% growth. Domestic scrap generation affected due to GST crackdown. Sponge iron exports rise over 30% y-o-y.