US Direct Reduced Iron Market - Forecast(2023 - 2028)

The US Direct Reduced Iron Market research report is an infographic report covering supply, demand and trade statistics for Direct Reduced Iron, both in volume and value. This report looks at the industry state between 2016-2021 and the forecast till 2027. The report also covers companies, trade pricing, patents, university-level research, future growth opportunities and M&A analysis.

1. The Production, Import Export/Trade statistics for Direct Reduced Iron between 2016-2021.

2. Historical demand for Direct Reduced Iron from 2016-2021 and forecast to 2027.

3. Comprehensive list of companies and revenue for 4+ top companies.

4. Assessment of relevant Mergers and Acquisitions.

5. Investment, projects, and R&D initiatives done between 2016 and 2021.

6. Patenting scenario covering patents filed, published, and granted between 2016-2021.

7. Research framework based on the assessment of 7 Pillars - Supply, Demand, Trade, Companies, Patents, and Macro-environment factors.

Company Snapshot: The top companies are Midrex Technologies, Inc., Cleveland-Cliffs Inc., voestalpine Texas LLC and Nucor Steel Kingman, LLC.

A. The production volume of Direct Reduced Iron in 2021 stood at 3500 Th Metric Tons.

B. Import volume increased from 1598 Th Metric Tons in 2016 to 1708 Th Metric Tons in 2021.

C. The demand was 5183 Th Metric Tons in 2021.

D. Trinidad and Tobago Exported more than 92% of Direct Reduced Iron to the US in 2021.

E. On 14 April 2022, ArcelorMittal announces it has signed an agreement to acquire an 80% shareholding in voestalpine’s world-class Hot Briquetted Iron (‘HBI’) plant located in Corpus Christi, Texas. voestalpine will retain the remaining 20%. The transaction values the Corpus Christi operations at $1 billion and closing is subject to customary regulatory approvals.

F. United States has 3000 million metric tons Iron Ore reserves as of 2021.

a) What was the US’s Direct Reduced Iron market size in 2021?

Ans: The demand was 5183 Th Metric Tons in 2021.

b) Where does the US Import Direct Reduced Iron from?

Ans: The majority of imports come from Trinidad and Tobago, Russian Federation, Canada and Germany.

c) What are the top companies in Direct Reduced Iron market?

Ans: Midrex Technologies, Inc., Cleveland-Cliffs Inc., voestalpine Texas LLC and Nucor Steel Kingman, LLC. are the top companies in the Direct Reduced Iron market.

d) Which are the major local universities/ research institutes involved in R&D?

Ans: Stanford University, Johns Hopkins University and University of California, Davis are actively involved in R&D.