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PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1786442

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PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1786442

Direct Reduced Iron

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Table of Contents

Global Direct Reduced Iron Market to Reach US$124.8 Billion by 2030

The global market for Direct Reduced Iron estimated at US$79.9 Billion in the year 2024, is expected to reach US$124.8 Billion by 2030, growing at a CAGR of 7.7% over the analysis period 2024-2030. Hot Briquetted Iron, one of the segments analyzed in the report, is expected to record a 6.4% CAGR and reach US$81.5 Billion by the end of the analysis period. Growth in the Cold Direct Reduced Iron segment is estimated at 10.5% CAGR over the analysis period.

The U.S. Market is Estimated at US$21.0 Billion While China is Forecast to Grow at 7.6% CAGR

The Direct Reduced Iron market in the U.S. is estimated at US$21.0 Billion in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$20.1 Billion by the year 2030 trailing a CAGR of 7.6% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 6.9% and 6.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.4% CAGR.

Global Direct Reduced Iron (DRI) Market - Key Trends & Drivers Summarized

Can Direct Reduced Iron (DRI) Revolutionize Sustainable Steelmaking?

The demand for environmentally sustainable steel production is driving the global adoption of Direct Reduced Iron (DRI) as an alternative to traditional blast furnace methods. DRI, produced by reducing iron ore using natural gas or hydrogen instead of coke, significantly lowers carbon emissions compared to conventional steelmaking. With the global push for decarbonization and net-zero emissions, steel manufacturers are shifting toward DRI-based production to reduce their environmental footprint. Many leading steelmakers are investing in DRI plants as governments impose stricter carbon regulations and incentivize green steel initiatives. Despite its advantages, challenges such as natural gas availability, hydrogen production scalability, and high capital investment costs remain hurdles for widespread DRI adoption. However, as the steel industry faces increasing pressure to transition toward low-carbon technologies, DRI is emerging as a critical component in sustainable steelmaking.

How Is the Transition to Hydrogen-Based DRI Impacting the Market?

The move toward hydrogen-based Direct Reduced Iron (H2-DRI) production is gaining momentum as companies seek fossil fuel-free alternatives for steel manufacturing. Traditional DRI processes rely on natural gas as the primary reducing agent, but hydrogen presents a cleaner solution with zero carbon emissions. Europe, led by initiatives such as the European Green Deal, is investing heavily in hydrogen-powered DRI technology to replace coal-based steelmaking. Pilot projects in Sweden, Germany, and Japan are demonstrating the feasibility of H2-DRI on an industrial scale. However, the commercial viability of hydrogen-based DRI depends on the availability of green hydrogen, which requires large-scale electrolyzer capacity and renewable energy sources. While the transition is still in its early stages, advancements in hydrogen infrastructure and government incentives for green steel are expected to accelerate H2-DRI adoption in the coming decade.

Can DRI Solve the Raw Material Challenges Facing the Steel Industry?

Fluctuating iron ore prices, geopolitical supply chain disruptions, and growing demand for high-quality steel are increasing the importance of Direct Reduced Iron in the global market. DRI offers greater flexibility in raw material sourcing, allowing steelmakers to use different grades of iron ore and avoid dependence on traditional blast furnace-grade iron ore. The growing use of DRI in Electric Arc Furnaces (EAFs) is also enabling steelmakers to produce high-quality steel with lower impurities, meeting the demands of the automotive, construction, and aerospace industries. However, logistical challenges such as the need for specialized storage and handling of hot briquetted iron (HBI), a compacted form of DRI, add complexity to supply chain management. Despite these challenges, as demand for high-purity raw materials increases, the strategic importance of DRI is expected to grow within the global steel industry.

What Is Driving the Growth of the Direct Reduced Iron Market?

The growth in the Direct Reduced Iron (DRI) market is driven by several factors, including increasing demand for low-carbon steel production, the expansion of hydrogen-based DRI technology, and the growing adoption of EAF-based steelmaking. Government regulations targeting carbon emissions are pushing steelmakers toward cleaner production methods, boosting investments in DRI plants. The volatility of coking coal prices and the need for raw material diversification are also driving interest in DRI as a flexible alternative to traditional ironmaking. Additionally, advancements in hydrogen infrastructure, renewable energy integration, and the global shift toward green steel initiatives are accelerating DRI market expansion. While challenges such as high capital costs, hydrogen production constraints, and logistical complexities remain, continuous innovation in the DRI sector is expected to position it as a cornerstone of the future steel industry.

SCOPE OF STUDY:

The report analyzes the Direct Reduced Iron market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:

Product (Hot Briquetted Iron, Cold Direct Reduced Iron); Technology (Gas-based Technology, Coal-based Technology); Application (Electric Arc Furnace Application, Basic Oxygen Furnace Application, Foundries Application, Other Application); End-Use (Construction End-Use, Automotive End-Use, Aerospace End-Use, Machinery & Equipment End-Use, Electrical & Electronic End-Use, Renewable Energy End-Use, Other End-Uses)

Geographic Regions/Countries:

World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Select Competitors (Total 32 Featured) -

  • AM/NS India
  • ArcelorMittal
  • Bhushan Steel Limited
  • Cleveland-Cliffs Inc.
  • Emirates Steel
  • Essar Steel India Ltd.
  • Golgohar Mining and Industrial Company
  • Hadeed (Saudi Iron & Steel Company)
  • Jindal Shadeed Iron & Steel LLC
  • JSW Steel Ltd.
  • Khouzestan Steel Company
  • Kobe Steel Ltd.
  • Lion Industries Corporation Berhad
  • Metinvest Holding LLC
  • Midrex Technologies, Inc.
  • NMDC Limited
  • Nucor Corporation
  • POSCO
  • Qatar Steel Company
  • Saldanha Steel

AI INTEGRATIONS

We're transforming market and competitive intelligence with validated expert content and AI tools.

Instead of following the general norm of querying LLMs and Industry-specific SLMs, we built repositories of content curated from domain experts worldwide including video transcripts, blogs, search engines research, and massive amounts of enterprise, product/service, and market data.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by increasing the Cost of Goods Sold (COGS), reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

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Product Code: MCP30527

TABLE OF CONTENTS

I. METHODOLOGY

II. EXECUTIVE SUMMARY

  • 1. MARKET OVERVIEW
    • Influencer Market Insights
    • Tariff Impact on Global Supply Chain Patterns
    • Direct Reduced Iron - Global Key Competitors Percentage Market Share in 2025 (E)
    • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2025 (E)
  • 2. FOCUS ON SELECT PLAYERS
  • 3. MARKET TRENDS & DRIVERS
    • Increasing Global Demand for Steel Drives Growth in Direct Reduced Iron (DRI) Production
    • The Shift Toward Environmentally Friendly and Sustainable Steel Production Methods Propels Adoption of Direct Reduced Iron Technologies
    • Growing Focus on Reducing Carbon Emissions in the Steel Industry Strengthens the Business Case for Direct Reduced Iron (DRI)
    • Rising Demand for High-Quality Steel in Automotive and Construction Sectors Expands Addressable Market for DRI
    • Technological Advancements in DRI Production Processes Drive Efficiencies and Lower Operational Costs
    • The Push Toward Energy-Efficient and Low-Carbon Technologies in Steelmaking Generates Opportunities for DRI Adoption
    • Increasing Focus on Circular Economy and Recycling Drives Demand for Direct Reduced Iron as a Sustainable Alternative to Traditional Steel Production
    • Expansion of Electric Arc Furnace (EAF) Steelmaking Technology Strengthens the Role of DRI in the Global Steel Market
    • Growth in Emerging Economies, Particularly in Asia-Pacific, Expands Market Demand for Direct Reduced Iron in Infrastructure and Manufacturing
    • The Need for Reduced Impurities and High-Grade Steel Production Accelerates the Use of DRI in High-Performance Steel Manufacturing
    • The Rise of Green Steel and Decarbonization Initiatives Propels Investment in Direct Reduced Iron Technologies
    • Growing Infrastructure Development and Urbanization in Developing Markets Strengthens the Demand for Steel and DRI
    • Regulatory Pressures and Government Initiatives to Meet Carbon Reduction Goals Support the Adoption of DRI Technologies in Steel Production
    • Increased Adoption of Hybrid Steelmaking Models Incorporating DRI Drives Market Growth in Flexible Steel Production Solutions
    • The Rise of Renewable Energy Integration in DRI Production Processes Propels Market Opportunities for Low-Carbon Steel Production
    • Rising Scrap Steel Prices and Limited Availability Drive Increased Utilization of Direct Reduced Iron as a Raw Material Substitute
    • The Expansion of Direct Reduced Iron Production Capacity in Key Global Markets Strengthens Supply Chains and Expands Reach
    • The Shift Toward Shorter Supply Chains and Localized Steel Production Drives Adoption of DRI in Regional Steel Mills
    • Growth in Demand for Specialty Steel for Advanced Manufacturing Applications Spurs Adoption of Direct Reduced Iron Technologies
    • Increasing Focus on Waste Reduction and Resource Optimization in Steelmaking Expands Opportunities for DRI in Circular Steel Production Models
  • 4. GLOBAL MARKET PERSPECTIVE
    • TABLE 1: World Direct Reduced Iron Market Analysis of Annual Sales in US$ Million for Years 2015 through 2030
    • TABLE 2: World Recent Past, Current & Future Analysis for Direct Reduced Iron by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
    • TABLE 3: World 6-Year Perspective for Direct Reduced Iron by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2025 & 2030
    • TABLE 4: World Recent Past, Current & Future Analysis for Hot Briquetted Iron by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
    • TABLE 5: World 6-Year Perspective for Hot Briquetted Iron by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2025 & 2030
    • TABLE 6: World Recent Past, Current & Future Analysis for Cold Direct Reduced Iron by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
    • TABLE 7: World 6-Year Perspective for Cold Direct Reduced Iron by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2025 & 2030
    • TABLE 8: World Recent Past, Current & Future Analysis for Automotive End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
    • TABLE 9: World 6-Year Perspective for Automotive End-Use by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2025 & 2030
    • TABLE 10: World Recent Past, Current & Future Analysis for Aerospace End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
    • TABLE 11: World 6-Year Perspective for Aerospace End-Use by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2025 & 2030
    • TABLE 12: World Recent Past, Current & Future Analysis for Machinery & Equipment End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
    • TABLE 13: World 6-Year Perspective for Machinery & Equipment End-Use by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2025 & 2030
    • TABLE 14: World Recent Past, Current & Future Analysis for Electrical & Electronic End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
    • TABLE 15: World 6-Year Perspective for Electrical & Electronic End-Use by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2025 & 2030
    • TABLE 16: World Recent Past, Current & Future Analysis for Renewable Energy End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
    • TABLE 17: World 6-Year Perspective for Renewable Energy End-Use by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2025 & 2030
    • TABLE 18: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
    • TABLE 19: World 6-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2025 & 2030
    • TABLE 20: World Recent Past, Current & Future Analysis for Construction End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
    • TABLE 21: World 6-Year Perspective for Construction End-Use by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2025 & 2030
    • TABLE 22: World Recent Past, Current & Future Analysis for Gas-based Technology by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
    • TABLE 23: World 6-Year Perspective for Gas-based Technology by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2025 & 2030
    • TABLE 24: World Recent Past, Current & Future Analysis for Coal-based Technology by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
    • TABLE 25: World 6-Year Perspective for Coal-based Technology by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2025 & 2030
    • TABLE 26: World Recent Past, Current & Future Analysis for Electric Arc Furnace Application by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
    • TABLE 27: World 6-Year Perspective for Electric Arc Furnace Application by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2025 & 2030
    • TABLE 28: World Recent Past, Current & Future Analysis for Basic Oxygen Furnace Application by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
    • TABLE 29: World 6-Year Perspective for Basic Oxygen Furnace Application by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2025 & 2030
    • TABLE 30: World Recent Past, Current & Future Analysis for Foundries Application by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
    • TABLE 31: World 6-Year Perspective for Foundries Application by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2025 & 2030
    • TABLE 32: World Recent Past, Current & Future Analysis for Other Application by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
    • TABLE 33: World 6-Year Perspective for Other Application by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2025 & 2030

III. MARKET ANALYSIS

  • UNITED STATES
    • Direct Reduced Iron Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2025 (E)
    • TABLE 34: USA Recent Past, Current & Future Analysis for Direct Reduced Iron by Product - Hot Briquetted Iron and Cold Direct Reduced Iron - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 35: USA 6-Year Perspective for Direct Reduced Iron by Product - Percentage Breakdown of Value Sales for Hot Briquetted Iron and Cold Direct Reduced Iron for the Years 2025 & 2030
    • TABLE 36: USA Recent Past, Current & Future Analysis for Direct Reduced Iron by End-Use - Automotive End-Use, Aerospace End-Use, Machinery & Equipment End-Use, Electrical & Electronic End-Use, Renewable Energy End-Use, Other End-Uses and Construction End-Use - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 37: USA 6-Year Perspective for Direct Reduced Iron by End-Use - Percentage Breakdown of Value Sales for Automotive End-Use, Aerospace End-Use, Machinery & Equipment End-Use, Electrical & Electronic End-Use, Renewable Energy End-Use, Other End-Uses and Construction End-Use for the Years 2025 & 2030
    • TABLE 38: USA Recent Past, Current & Future Analysis for Direct Reduced Iron by Technology - Gas-based Technology and Coal-based Technology - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 39: USA 6-Year Perspective for Direct Reduced Iron by Technology - Percentage Breakdown of Value Sales for Gas-based Technology and Coal-based Technology for the Years 2025 & 2030
    • TABLE 40: USA Recent Past, Current & Future Analysis for Direct Reduced Iron by Application - Electric Arc Furnace Application, Basic Oxygen Furnace Application, Foundries Application and Other Application - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 41: USA 6-Year Perspective for Direct Reduced Iron by Application - Percentage Breakdown of Value Sales for Electric Arc Furnace Application, Basic Oxygen Furnace Application, Foundries Application and Other Application for the Years 2025 & 2030
  • CANADA
    • TABLE 42: Canada Recent Past, Current & Future Analysis for Direct Reduced Iron by Product - Hot Briquetted Iron and Cold Direct Reduced Iron - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 43: Canada 6-Year Perspective for Direct Reduced Iron by Product - Percentage Breakdown of Value Sales for Hot Briquetted Iron and Cold Direct Reduced Iron for the Years 2025 & 2030
    • TABLE 44: Canada Recent Past, Current & Future Analysis for Direct Reduced Iron by End-Use - Automotive End-Use, Aerospace End-Use, Machinery & Equipment End-Use, Electrical & Electronic End-Use, Renewable Energy End-Use, Other End-Uses and Construction End-Use - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 45: Canada 6-Year Perspective for Direct Reduced Iron by End-Use - Percentage Breakdown of Value Sales for Automotive End-Use, Aerospace End-Use, Machinery & Equipment End-Use, Electrical & Electronic End-Use, Renewable Energy End-Use, Other End-Uses and Construction End-Use for the Years 2025 & 2030
    • TABLE 46: Canada Recent Past, Current & Future Analysis for Direct Reduced Iron by Technology - Gas-based Technology and Coal-based Technology - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 47: Canada 6-Year Perspective for Direct Reduced Iron by Technology - Percentage Breakdown of Value Sales for Gas-based Technology and Coal-based Technology for the Years 2025 & 2030
    • TABLE 48: Canada Recent Past, Current & Future Analysis for Direct Reduced Iron by Application - Electric Arc Furnace Application, Basic Oxygen Furnace Application, Foundries Application and Other Application - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 49: Canada 6-Year Perspective for Direct Reduced Iron by Application - Percentage Breakdown of Value Sales for Electric Arc Furnace Application, Basic Oxygen Furnace Application, Foundries Application and Other Application for the Years 2025 & 2030
  • JAPAN
    • Direct Reduced Iron Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2025 (E)
    • TABLE 50: Japan Recent Past, Current & Future Analysis for Direct Reduced Iron by Product - Hot Briquetted Iron and Cold Direct Reduced Iron - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 51: Japan 6-Year Perspective for Direct Reduced Iron by Product - Percentage Breakdown of Value Sales for Hot Briquetted Iron and Cold Direct Reduced Iron for the Years 2025 & 2030
    • TABLE 52: Japan Recent Past, Current & Future Analysis for Direct Reduced Iron by End-Use - Automotive End-Use, Aerospace End-Use, Machinery & Equipment End-Use, Electrical & Electronic End-Use, Renewable Energy End-Use, Other End-Uses and Construction End-Use - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 53: Japan 6-Year Perspective for Direct Reduced Iron by End-Use - Percentage Breakdown of Value Sales for Automotive End-Use, Aerospace End-Use, Machinery & Equipment End-Use, Electrical & Electronic End-Use, Renewable Energy End-Use, Other End-Uses and Construction End-Use for the Years 2025 & 2030
    • TABLE 54: Japan Recent Past, Current & Future Analysis for Direct Reduced Iron by Technology - Gas-based Technology and Coal-based Technology - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 55: Japan 6-Year Perspective for Direct Reduced Iron by Technology - Percentage Breakdown of Value Sales for Gas-based Technology and Coal-based Technology for the Years 2025 & 2030
    • TABLE 56: Japan Recent Past, Current & Future Analysis for Direct Reduced Iron by Application - Electric Arc Furnace Application, Basic Oxygen Furnace Application, Foundries Application and Other Application - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 57: Japan 6-Year Perspective for Direct Reduced Iron by Application - Percentage Breakdown of Value Sales for Electric Arc Furnace Application, Basic Oxygen Furnace Application, Foundries Application and Other Application for the Years 2025 & 2030
  • CHINA
    • Direct Reduced Iron Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2025 (E)
    • TABLE 58: China Recent Past, Current & Future Analysis for Direct Reduced Iron by Product - Hot Briquetted Iron and Cold Direct Reduced Iron - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 59: China 6-Year Perspective for Direct Reduced Iron by Product - Percentage Breakdown of Value Sales for Hot Briquetted Iron and Cold Direct Reduced Iron for the Years 2025 & 2030
    • TABLE 60: China Recent Past, Current & Future Analysis for Direct Reduced Iron by End-Use - Automotive End-Use, Aerospace End-Use, Machinery & Equipment End-Use, Electrical & Electronic End-Use, Renewable Energy End-Use, Other End-Uses and Construction End-Use - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 61: China 6-Year Perspective for Direct Reduced Iron by End-Use - Percentage Breakdown of Value Sales for Automotive End-Use, Aerospace End-Use, Machinery & Equipment End-Use, Electrical & Electronic End-Use, Renewable Energy End-Use, Other End-Uses and Construction End-Use for the Years 2025 & 2030
    • TABLE 62: China Recent Past, Current & Future Analysis for Direct Reduced Iron by Technology - Gas-based Technology and Coal-based Technology - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 63: China 6-Year Perspective for Direct Reduced Iron by Technology - Percentage Breakdown of Value Sales for Gas-based Technology and Coal-based Technology for the Years 2025 & 2030
    • TABLE 64: China Recent Past, Current & Future Analysis for Direct Reduced Iron by Application - Electric Arc Furnace Application, Basic Oxygen Furnace Application, Foundries Application and Other Application - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 65: China 6-Year Perspective for Direct Reduced Iron by Application - Percentage Breakdown of Value Sales for Electric Arc Furnace Application, Basic Oxygen Furnace Application, Foundries Application and Other Application for the Years 2025 & 2030
  • EUROPE
    • Direct Reduced Iron Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2025 (E)
    • TABLE 66: Europe Recent Past, Current & Future Analysis for Direct Reduced Iron by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
    • TABLE 67: Europe 6-Year Perspective for Direct Reduced Iron by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2025 & 2030
    • TABLE 68: Europe Recent Past, Current & Future Analysis for Direct Reduced Iron by Product - Hot Briquetted Iron and Cold Direct Reduced Iron - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 69: Europe 6-Year Perspective for Direct Reduced Iron by Product - Percentage Breakdown of Value Sales for Hot Briquetted Iron and Cold Direct Reduced Iron for the Years 2025 & 2030
    • TABLE 70: Europe Recent Past, Current & Future Analysis for Direct Reduced Iron by End-Use - Automotive End-Use, Aerospace End-Use, Machinery & Equipment End-Use, Electrical & Electronic End-Use, Renewable Energy End-Use, Other End-Uses and Construction End-Use - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 71: Europe 6-Year Perspective for Direct Reduced Iron by End-Use - Percentage Breakdown of Value Sales for Automotive End-Use, Aerospace End-Use, Machinery & Equipment End-Use, Electrical & Electronic End-Use, Renewable Energy End-Use, Other End-Uses and Construction End-Use for the Years 2025 & 2030
    • TABLE 72: Europe Recent Past, Current & Future Analysis for Direct Reduced Iron by Technology - Gas-based Technology and Coal-based Technology - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 73: Europe 6-Year Perspective for Direct Reduced Iron by Technology - Percentage Breakdown of Value Sales for Gas-based Technology and Coal-based Technology for the Years 2025 & 2030
    • TABLE 74: Europe Recent Past, Current & Future Analysis for Direct Reduced Iron by Application - Electric Arc Furnace Application, Basic Oxygen Furnace Application, Foundries Application and Other Application - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 75: Europe 6-Year Perspective for Direct Reduced Iron by Application - Percentage Breakdown of Value Sales for Electric Arc Furnace Application, Basic Oxygen Furnace Application, Foundries Application and Other Application for the Years 2025 & 2030
  • FRANCE
    • Direct Reduced Iron Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2025 (E)
    • TABLE 76: France Recent Past, Current & Future Analysis for Direct Reduced Iron by Product - Hot Briquetted Iron and Cold Direct Reduced Iron - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 77: France 6-Year Perspective for Direct Reduced Iron by Product - Percentage Breakdown of Value Sales for Hot Briquetted Iron and Cold Direct Reduced Iron for the Years 2025 & 2030
    • TABLE 78: France Recent Past, Current & Future Analysis for Direct Reduced Iron by End-Use - Automotive End-Use, Aerospace End-Use, Machinery & Equipment End-Use, Electrical & Electronic End-Use, Renewable Energy End-Use, Other End-Uses and Construction End-Use - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 79: France 6-Year Perspective for Direct Reduced Iron by End-Use - Percentage Breakdown of Value Sales for Automotive End-Use, Aerospace End-Use, Machinery & Equipment End-Use, Electrical & Electronic End-Use, Renewable Energy End-Use, Other End-Uses and Construction End-Use for the Years 2025 & 2030
    • TABLE 80: France Recent Past, Current & Future Analysis for Direct Reduced Iron by Technology - Gas-based Technology and Coal-based Technology - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 81: France 6-Year Perspective for Direct Reduced Iron by Technology - Percentage Breakdown of Value Sales for Gas-based Technology and Coal-based Technology for the Years 2025 & 2030
    • TABLE 82: France Recent Past, Current & Future Analysis for Direct Reduced Iron by Application - Electric Arc Furnace Application, Basic Oxygen Furnace Application, Foundries Application and Other Application - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 83: France 6-Year Perspective for Direct Reduced Iron by Application - Percentage Breakdown of Value Sales for Electric Arc Furnace Application, Basic Oxygen Furnace Application, Foundries Application and Other Application for the Years 2025 & 2030
  • GERMANY
    • Direct Reduced Iron Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2025 (E)
    • TABLE 84: Germany Recent Past, Current & Future Analysis for Direct Reduced Iron by Product - Hot Briquetted Iron and Cold Direct Reduced Iron - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 85: Germany 6-Year Perspective for Direct Reduced Iron by Product - Percentage Breakdown of Value Sales for Hot Briquetted Iron and Cold Direct Reduced Iron for the Years 2025 & 2030
    • TABLE 86: Germany Recent Past, Current & Future Analysis for Direct Reduced Iron by End-Use - Automotive End-Use, Aerospace End-Use, Machinery & Equipment End-Use, Electrical & Electronic End-Use, Renewable Energy End-Use, Other End-Uses and Construction End-Use - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 87: Germany 6-Year Perspective for Direct Reduced Iron by End-Use - Percentage Breakdown of Value Sales for Automotive End-Use, Aerospace End-Use, Machinery & Equipment End-Use, Electrical & Electronic End-Use, Renewable Energy End-Use, Other End-Uses and Construction End-Use for the Years 2025 & 2030
    • TABLE 88: Germany Recent Past, Current & Future Analysis for Direct Reduced Iron by Technology - Gas-based Technology and Coal-based Technology - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 89: Germany 6-Year Perspective for Direct Reduced Iron by Technology - Percentage Breakdown of Value Sales for Gas-based Technology and Coal-based Technology for the Years 2025 & 2030
    • TABLE 90: Germany Recent Past, Current & Future Analysis for Direct Reduced Iron by Application - Electric Arc Furnace Application, Basic Oxygen Furnace Application, Foundries Application and Other Application - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 91: Germany 6-Year Perspective for Direct Reduced Iron by Application - Percentage Breakdown of Value Sales for Electric Arc Furnace Application, Basic Oxygen Furnace Application, Foundries Application and Other Application for the Years 2025 & 2030
  • ITALY
    • TABLE 92: Italy Recent Past, Current & Future Analysis for Direct Reduced Iron by Product - Hot Briquetted Iron and Cold Direct Reduced Iron - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 93: Italy 6-Year Perspective for Direct Reduced Iron by Product - Percentage Breakdown of Value Sales for Hot Briquetted Iron and Cold Direct Reduced Iron for the Years 2025 & 2030
    • TABLE 94: Italy Recent Past, Current & Future Analysis for Direct Reduced Iron by End-Use - Automotive End-Use, Aerospace End-Use, Machinery & Equipment End-Use, Electrical & Electronic End-Use, Renewable Energy End-Use, Other End-Uses and Construction End-Use - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 95: Italy 6-Year Perspective for Direct Reduced Iron by End-Use - Percentage Breakdown of Value Sales for Automotive End-Use, Aerospace End-Use, Machinery & Equipment End-Use, Electrical & Electronic End-Use, Renewable Energy End-Use, Other End-Uses and Construction End-Use for the Years 2025 & 2030
    • TABLE 96: Italy Recent Past, Current & Future Analysis for Direct Reduced Iron by Technology - Gas-based Technology and Coal-based Technology - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 97: Italy 6-Year Perspective for Direct Reduced Iron by Technology - Percentage Breakdown of Value Sales for Gas-based Technology and Coal-based Technology for the Years 2025 & 2030
    • TABLE 98: Italy Recent Past, Current & Future Analysis for Direct Reduced Iron by Application - Electric Arc Furnace Application, Basic Oxygen Furnace Application, Foundries Application and Other Application - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 99: Italy 6-Year Perspective for Direct Reduced Iron by Application - Percentage Breakdown of Value Sales for Electric Arc Furnace Application, Basic Oxygen Furnace Application, Foundries Application and Other Application for the Years 2025 & 2030
  • UNITED KINGDOM
    • Direct Reduced Iron Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2025 (E)
    • TABLE 100: UK Recent Past, Current & Future Analysis for Direct Reduced Iron by Product - Hot Briquetted Iron and Cold Direct Reduced Iron - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 101: UK 6-Year Perspective for Direct Reduced Iron by Product - Percentage Breakdown of Value Sales for Hot Briquetted Iron and Cold Direct Reduced Iron for the Years 2025 & 2030
    • TABLE 102: UK Recent Past, Current & Future Analysis for Direct Reduced Iron by End-Use - Automotive End-Use, Aerospace End-Use, Machinery & Equipment End-Use, Electrical & Electronic End-Use, Renewable Energy End-Use, Other End-Uses and Construction End-Use - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 103: UK 6-Year Perspective for Direct Reduced Iron by End-Use - Percentage Breakdown of Value Sales for Automotive End-Use, Aerospace End-Use, Machinery & Equipment End-Use, Electrical & Electronic End-Use, Renewable Energy End-Use, Other End-Uses and Construction End-Use for the Years 2025 & 2030
    • TABLE 104: UK Recent Past, Current & Future Analysis for Direct Reduced Iron by Technology - Gas-based Technology and Coal-based Technology - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 105: UK 6-Year Perspective for Direct Reduced Iron by Technology - Percentage Breakdown of Value Sales for Gas-based Technology and Coal-based Technology for the Years 2025 & 2030
    • TABLE 106: UK Recent Past, Current & Future Analysis for Direct Reduced Iron by Application - Electric Arc Furnace Application, Basic Oxygen Furnace Application, Foundries Application and Other Application - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 107: UK 6-Year Perspective for Direct Reduced Iron by Application - Percentage Breakdown of Value Sales for Electric Arc Furnace Application, Basic Oxygen Furnace Application, Foundries Application and Other Application for the Years 2025 & 2030
  • REST OF EUROPE
    • TABLE 108: Rest of Europe Recent Past, Current & Future Analysis for Direct Reduced Iron by Product - Hot Briquetted Iron and Cold Direct Reduced Iron - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 109: Rest of Europe 6-Year Perspective for Direct Reduced Iron by Product - Percentage Breakdown of Value Sales for Hot Briquetted Iron and Cold Direct Reduced Iron for the Years 2025 & 2030
    • TABLE 110: Rest of Europe Recent Past, Current & Future Analysis for Direct Reduced Iron by End-Use - Automotive End-Use, Aerospace End-Use, Machinery & Equipment End-Use, Electrical & Electronic End-Use, Renewable Energy End-Use, Other End-Uses and Construction End-Use - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 111: Rest of Europe 6-Year Perspective for Direct Reduced Iron by End-Use - Percentage Breakdown of Value Sales for Automotive End-Use, Aerospace End-Use, Machinery & Equipment End-Use, Electrical & Electronic End-Use, Renewable Energy End-Use, Other End-Uses and Construction End-Use for the Years 2025 & 2030
    • TABLE 112: Rest of Europe Recent Past, Current & Future Analysis for Direct Reduced Iron by Technology - Gas-based Technology and Coal-based Technology - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 113: Rest of Europe 6-Year Perspective for Direct Reduced Iron by Technology - Percentage Breakdown of Value Sales for Gas-based Technology and Coal-based Technology for the Years 2025 & 2030
    • TABLE 114: Rest of Europe Recent Past, Current & Future Analysis for Direct Reduced Iron by Application - Electric Arc Furnace Application, Basic Oxygen Furnace Application, Foundries Application and Other Application - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 115: Rest of Europe 6-Year Perspective for Direct Reduced Iron by Application - Percentage Breakdown of Value Sales for Electric Arc Furnace Application, Basic Oxygen Furnace Application, Foundries Application and Other Application for the Years 2025 & 2030
  • ASIA-PACIFIC
    • Direct Reduced Iron Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2025 (E)
    • TABLE 116: Asia-Pacific Recent Past, Current & Future Analysis for Direct Reduced Iron by Product - Hot Briquetted Iron and Cold Direct Reduced Iron - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 117: Asia-Pacific 6-Year Perspective for Direct Reduced Iron by Product - Percentage Breakdown of Value Sales for Hot Briquetted Iron and Cold Direct Reduced Iron for the Years 2025 & 2030
    • TABLE 118: Asia-Pacific Recent Past, Current & Future Analysis for Direct Reduced Iron by End-Use - Automotive End-Use, Aerospace End-Use, Machinery & Equipment End-Use, Electrical & Electronic End-Use, Renewable Energy End-Use, Other End-Uses and Construction End-Use - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 119: Asia-Pacific 6-Year Perspective for Direct Reduced Iron by End-Use - Percentage Breakdown of Value Sales for Automotive End-Use, Aerospace End-Use, Machinery & Equipment End-Use, Electrical & Electronic End-Use, Renewable Energy End-Use, Other End-Uses and Construction End-Use for the Years 2025 & 2030
    • TABLE 120: Asia-Pacific Recent Past, Current & Future Analysis for Direct Reduced Iron by Technology - Gas-based Technology and Coal-based Technology - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 121: Asia-Pacific 6-Year Perspective for Direct Reduced Iron by Technology - Percentage Breakdown of Value Sales for Gas-based Technology and Coal-based Technology for the Years 2025 & 2030
    • TABLE 122: Asia-Pacific Recent Past, Current & Future Analysis for Direct Reduced Iron by Application - Electric Arc Furnace Application, Basic Oxygen Furnace Application, Foundries Application and Other Application - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 123: Asia-Pacific 6-Year Perspective for Direct Reduced Iron by Application - Percentage Breakdown of Value Sales for Electric Arc Furnace Application, Basic Oxygen Furnace Application, Foundries Application and Other Application for the Years 2025 & 2030
  • REST OF WORLD
    • TABLE 124: Rest of World Recent Past, Current & Future Analysis for Direct Reduced Iron by Product - Hot Briquetted Iron and Cold Direct Reduced Iron - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 125: Rest of World 6-Year Perspective for Direct Reduced Iron by Product - Percentage Breakdown of Value Sales for Hot Briquetted Iron and Cold Direct Reduced Iron for the Years 2025 & 2030
    • TABLE 126: Rest of World Recent Past, Current & Future Analysis for Direct Reduced Iron by End-Use - Automotive End-Use, Aerospace End-Use, Machinery & Equipment End-Use, Electrical & Electronic End-Use, Renewable Energy End-Use, Other End-Uses and Construction End-Use - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 127: Rest of World 6-Year Perspective for Direct Reduced Iron by End-Use - Percentage Breakdown of Value Sales for Automotive End-Use, Aerospace End-Use, Machinery & Equipment End-Use, Electrical & Electronic End-Use, Renewable Energy End-Use, Other End-Uses and Construction End-Use for the Years 2025 & 2030
    • TABLE 128: Rest of World Recent Past, Current & Future Analysis for Direct Reduced Iron by Technology - Gas-based Technology and Coal-based Technology - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 129: Rest of World 6-Year Perspective for Direct Reduced Iron by Technology - Percentage Breakdown of Value Sales for Gas-based Technology and Coal-based Technology for the Years 2025 & 2030
    • TABLE 130: Rest of World Recent Past, Current & Future Analysis for Direct Reduced Iron by Application - Electric Arc Furnace Application, Basic Oxygen Furnace Application, Foundries Application and Other Application - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 131: Rest of World 6-Year Perspective for Direct Reduced Iron by Application - Percentage Breakdown of Value Sales for Electric Arc Furnace Application, Basic Oxygen Furnace Application, Foundries Application and Other Application for the Years 2025 & 2030

IV. COMPETITION

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