NEW DELHI--March 7, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--In recent years, the global steel industry has experienced considerable growth, driven primarily by the increasing demand for automobiles. Additionally, the utilization of steel in the construction and infrastructure sectors has further strengthened demand. This growth not only reflects the expansion of key industries but also raises concerns regarding environmental impact, to which direct reduced iron (DRI) production potentially poses a more sustainable path.

Industrial Info is presently tracking more than US$13 billion of active DRI projects across the world.