Direct Reduced Iron Market - Top Companies and Manufacturers

Companies Dominating the Direct Reduced Iron Landscape

Gallantt Group of Industries
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Nucor Corporation
Jindal Shadeed Iron & Steel
Tosyali Algerie
Suez Steel Co.
Qatar Steel
JFE Steel Corporation
Tata Steel
JSW Group
ArcelorMittal
SABIC
Welspun Group

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Direct Reduced Iron Market Size & Share, Growth Analysis 2025-2037

In the News

IBM and JFE Steel have entered into a partnership in September 2023 with the aim of providing JAVA's mAIster and fault recovery systems, supported by IBM Watson AL. It was initially designed for the application of JFE steel itself in domestic and international markets but has now been extended to include such applications.
By buying the majority of Voestalpine's shares in Texas, ArcelorMittal made a deal to acquire Voestalpine in 2022. Acquiring the HBI facilities is an essential component of this acquisition. It's the kind of iron that is directly reduced.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of direct reduced iron is evaluated at USD 61.18 billion.

The direct reduced iron market size was over USD 56.94 billion in 2024 and is expected to exceed USD 180.92 billion by the end of 2037, witnessing over 9.3% CAGR during the forecast period i.e., between 2025-2037. The market growth is propelled by surge in demand for eco-friendly products that emit less greenhouse gases, growing integration of Industry 4.0 and integration of gas based direct technologies.

Asia Pacific industry is set to dominate majority revenue share 51% by 2037, impelled by a major hub for steel production, with countries such as China, India, and Japan leading the way in the region.

The major players in the market are Suez Steel Co., Qatar Steel, JFE Steel Corporation, Tata Steel, JSW Group, ArcelorMittal, SABIC, Welspun Group., and others.

Direct Reduced Iron Market - Top Companies and Manufacturers

Companies Dominating the Direct Reduced Iron Landscape

Browse Key Market Insights with Data Illustration:

In the News

Frequently Asked Questions (FAQ)

How much is the direct reduced iron market worth?

Why is the demand for direct reduced iron growing?

Which region dominated the majority of direct reduced iron industry share?

Who are the top direct reduced iron companies?