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15 Jul
12:38

Smelting to overcome DR pellet feed shortage: McKinsey

Direct reduced iron production could treble in the next 30 years, likely leading to a shortage of raw materials within the next decade, since DRI is dependent on very high-quality iron ore feed, according to McKinsey. Hydrogen-based DRI is expected to be a major decarbonisation lever for steelmakers, particularly in Europe. The high-quality feed required can however be produced only at a limited number of mines. Supply will likely be insufficient even if steelmake…
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