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23 Oct
12:45

Hubs to supply mature markets 'green' DRI: Woodmac

Mature markets with higher carbon prices will move from importing finished steel from more emissions-intensive producers, such as China and India, to importing green direct reduced iron to manufacture low-emission steel using electric arc furnaces. The Middle East, Australia and Brazil will meanwhile emerge as DRI export hubs, says Wood Mackenzie. The EAF share of global steel production will increase from the current 28% to almost 50% by …
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