SOURCE: Industrial Info Resources

Industrial Info Resources

January 27, 2014 06:15 ET

Forget Scrap -- Direct Reduced Iron Is New Big Trend in Steel Industry, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Jan 27, 2014) -  Affordable natural gas seems to be boosting investments in direct-reduced iron and hot-briquetted iron (DRI/HBI) in North America, particularly in the U.S. Companies like Nucor Corporation (NYSE:NUR) (Charlotte, North Carolina), Voestalpine (Linz, Austria), Republic Steel (Canton, Ohio), North Star BlueScope (Melbourne, Australia) and newcomer International Metallics Corporation (Reston, Virginia) are making huge investments in DRI/HBI. Altogether, companies have spent approximately $300 million to $800 million on recent DRI projects in North America.

Other companies featured: U.S. Steel (NYSE:X)

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