Direct Reduced Iron Market Gains Traction in Emerging Economies

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2026-01-06 05:59:12 -

The global direct reduced iron (DRI) market was estimated at USD 47.76 billion in 2024 and is projected to reach USD 68.98 billion by 2030, expanding at a compound annual growth rate (CAGR) of 7.1% from 2025 to 2030. Rapid infrastructure development and accelerating urbanization—particularly across emerging economies—have significantly increased steel consumption, thereby...

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