By georgiebill, 19 September, 2025

The global direct reduced iron (DRI) market was valued at USD 47.76 billion in 2024 and is projected to reach USD 68.98 billion by 2030, expanding at a CAGR of 7.1% between 2025 and 2030. This growth is being driven by the accelerating pace of global infrastructure development and the ongoing urbanization of emerging economies, which are significantly increasing demand for steel—and by extension, DRI.

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