DRI Industry
Direct Reduced Iron (DRI) plays a key role in regional steel industry.
Why DRI?
Due to access to cheap natural gas, the Middle East is the DRI production hub.
Top Producers
- Iran: Largest producer
- Saudi Arabia
- UAE
Application in Steelmaking
DRI is a suitable substitute for scrap in electric arc furnaces.
Outlook
Global demand for DRI will double by 2030.