Direct Reduced Iron Market: Why Steel Decarbonization Could Outpace...

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2026-09-09 10:31:13 -

Direct Reduced Iron Market: Why Steel Decarbonization Could Outpace Traditional Demand Growth

Steelmaking is one of the hardest industries to decarbonize, and direct reduced iron (DRI) has become the technology most steelmakers are betting on to do it. The global direct reduced iron market is valued at USD 48.9 billion in 2025, is estimated to reach USD 51.6 billion in 2026, and is projected to hit USD 93.5 billion by 2033, growing at an 8.9% CAGR from 2026 to 2033. Behind...

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