Global DRI output may drop slightly in 2026 even as India expands coal-based production

Source: BigMint Oct 28, 2026 10:17

India drives global growth in 8MCY'26 but with CO2-intensive production. Gas-based output drops in Middle East, Russia; North Africa sees robust growth

Global direct reduced iron (DRI) production is on track to decline by around 2% y-o-y in CY'26 after reaching a record 151 mnt in CY'25, according to Midrex. Worldsteel data, covering around 85% of global DRI production, show output at 81.4 mnt in 8MCY'26, down 3.4% y-o-y from 84.2

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