INTERVIEW: Midrex plans for 16 new plants on rising direct-reduction tech demand

Direct-reduction technology provider Midrex expects global demand for direct-reduced iron and hot briquetted iron to reach 180 million metric tons by 2030, requiring an estimated $16 billion-$20 billion in new plant investments as the steel industry accelerates decarbonization efforts. Sean Boyle, Midrex’s vice president of commercial, told Platts in an interview that the projected 40 million mtDirect-reduction technology provider Midrex expects global demand for direct-reduced iron and hot briquetted iron to reach 180 million metric tons by 2030, requiring an estimated $16 billion-$20 billion in new plant investments as the steel industry accelerates decarbonization efforts. Sean Boyle, Midrex’s vice president of commercial, told Platts in an interview that the projected 40 million mtRead More