In 2023, the Direct-Reduced Iron (DRI) consumption in the US stood at 6.81 million metric tons. The forecast for 2024 to 2028 shows a consistent growth in DRI consumption, with year-on-year increases of approximately 2.99% for 2025, 2.90% for 2026, 2.82% for 2027, and 2.48% for 2028. Over the five-year period, the compound annual growth rate (CAGR) is projected to be 2.76%, indicating a steady upward trend in DRI consumption.
Future trends to watch for include the increasing focus on sustainable steel production, which is likely to drive further adoption of DRI due to its lower carbon footprint compared to traditional methods. Additionally, advancements in production technologies and shifts in supply chain dynamics could significantly influence consumption patterns in the coming years.
