DRI output tops 100 million tons in 2019

DRI output tops 100 million tons in 2019
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Charlotte, North Carolina-based Midrex Technologies Inc. says more than 108 million tons of direct reduced iron (DRI) was produced in 2019, representing a 7.3 percent rise in output from 2018.

The maker of DRI systems, which convert iron fines or pellets into metallics suitable for use in electric arc furnace (EAF) steelmaking, says since 2015, world DRI production has increased by 35.5 million tons, or nearly 49 percent.

EAF steel capacity continues to rise globally. In the United States, Nucor Corp., Steel Dynamics Inc., ArcelorMittal and Commercial Metals Co. are among the steelmakers with new capacity underway in 2020.

One recent industry analysis has predicted that high-grade ferrous scrap supplies could be severely strained in 2021 and beyond, creating a growing market for DRI and other alternative iron products.

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Source: Recycling Today
DRI output tops 100 million tons in 2019
<![CDATA[Charlotte, North Carolina-based Midrex Technologies Inc. says more than 108 million tons of direct reduced iron (DRI) was produced in 2019, representing a 7.3 percent rise in output from 2018.The maker of DRI systems, which convert iron fines or pellets into metallics suitable for use in electric arc furnace (EAF) steelmaking, says since 2015, world DRI production has increased by 35.5 million tons, or nearly 49 percent.EAF steel capacity continues to rise globally. In the United States, Nucor Corp., Steel Dynamics Inc., ArcelorMittal and Commercial Metals Co. are among the steelmakers with new capacity underway in 2020.One recent industry analysis has predicted that high-grade ferrous scrap supplies could be severely strained in 2021 and beyond, creating a growing market for DRI and other alternative iron products.]]>