Global Production Of Direct Reduced Iron Will Reach 136 Million Tons In 2023

Statistics show that in 2023, the global production of direct reduced iron reached 135.51 million tons, an increase of 7.4% compared with the production of 126.16 million tons in 2022.

According to the country or regional distribution, in 2023, India is the world's largest producer of direct reduced iron, with a production of 49.33 million tons, an increase of 16.7%, accounting for 36% of the global total. Iran is the world's second largest producer of direct reduced iron, with output reaching 33.45 million tons, an increase of 1.7%, and the global share reaching 24.7%. India and Iran account for 60.7% of the world's total direct reduced iron production.

In 2023, other countries with large direct reduced iron production are Russia (7.78 million tons, accounting for 5.7% of global production), Egypt (7.22 million tons, accounting for 5.3% of global production), and Saudi Arabia (6.81 million tons, accounting for 5% of global production).

In 2023, the production of direct reduced iron in the United States was 5.24 million tons, down 0.8% year-on-year; Mexico produced 5.16 million tonnes, down 11.6%. Algeria produced 4 million tons, up 3.1% year-on-year; The UAE produced 3.59 million tonnes, up 4.2% year-on-year. Worldsteel expects that by 2030, global direct reduced iron production will increase by 56.2% from the 2019 baseline to 175 million tonnes. Among them, the European Union, the Middle East and North Africa region has the largest increase in direct reduced iron production.