Global DRI push to be crimped by lack of pellet feed concentrate...

Global DRI push to be crimped by lack of pellet feed concentrate - sources - Fastmarkets



There are more DRI plants being built by equipment maker Midrex, which listed the LGOK 4 DRI plant in ***kin, Russia, the Tosyali Algerie 2 plant in Algeria and the Mikhailovsky HBI plant in Russia as the next start-ups. Industry peer Tenova will be building a hydrogen-based DRI plant for Baosteel at its Zhanjiang plant. Tenova has also been contracted to build DRI plant for Hebei Iron & Steel.

Steelmakers working to integrate DRI plants into their production plans as part of their decarbonization agendas include industry majors like ArcelorMittal, Salzgitter and SSAB.

But the growing momentum of using DRI in steel production is facing a growing problem of insufficient iron ore concentrate of the right quality to produce DR-grade pellets, market sources said. A lack of pelletizing-grade iron ore concentrates for DR pellets is the biggest challenge right now, as miners are not expected to be able to keep up pellet feed availability at the expected consumption levels,” an industry source in the Middle East told Fastmarkets"

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