Europe's Rising DRI Demand Strains Iron Ore Pellet Supplies (bnnbreaking.com)
Major steel manufacturers like ArcelorMittal, Salzgitter, and Voestalpine are initiating new DRI and electric arc furnaces across European countries, including Germany, Sweden, and Spain. To sustain the projected 20 million mt/year of DRI demand, these facilities would need approximately 30 million mt of pellets. While the current supply appears sufficient until 2024, the expansion of DRI plants could stretch resources thin.
The ongoing war in Ukraine further complicates the situation, potentially impacting future European DRI projects."
So..... MGT ANYONE?
Europe's Rising DRI Demand Strains Iron Ore Pellet Supplies...
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