Direct Reduced Iron Market Size, Share and Key Players | 2025-2033
The Reports and Insights, a leading market research company, has recently releases report titled “ Direct Reduced Iron Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033. ” The study provides a detailed analysis of the industry, the report also includes competitor and regional analysis and highlights the latest advancements in the market. The global Direct Reduced Iron Market was valued at US$ 57.1 Billion in 2024 and is expected to register a CAGR of 9.3% over the forecast period and reach US$ 125.1 Billion in 2033. Direct Reduced Iron Market Overview The direct reduced iron market is an essential part of the global steel industry. This market produces high quality iron through the direct reduction of iron ore, with natural gas or coal, without melting the ore. Also called sponge iron, the resultant product is an important raw material in electric arc furnaces and induction furnaces. It is a more efficient substitute for blast furnace operations. ...