Global Hot Briquetted Iron (HBI) Market Expected to Witness a Sustainable Growth over 2025

Market Research Report Store offers a latest published report on Hot Briquetted Iron (HBI) Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report.

This report focuses on the key global Hot Briquetted Iron (HBI) players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.

To analyze the Hot Briquetted Iron (HBI) with respect to individual growth trends, future prospects, and their contribution to the total market.

To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

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Hot Briquetted Iron (HBI) is a premium form of DRI that has been compacted at a temperature greater than 650° C at time of compaction and has a density greater than 5,000 kilograms per cubic metre (5,000 kg/m3).

HBI was developed as a product in order to overcome the problems associated with shipping and handling of DRI - due to the process of compaction it is very much less porous and therefore very much less reactive than DRI and does not suffer from the risk of self-heating associated with DRI.

Hot briquetted iron (HBI) is a form of direct reduced iron (DRI) with high iron content (>90%), high density greater than 5,000 kilograms per cubic meter, and has compaction temperature greater than 650°C. HBI is produced by reducing iron ore with natural gas in the form of briquettes. These briquettes are produced using the fluid bed process under temperature of 700° C and high pressing forces. HBI is used as a supplement scrap for electric furnace steel mills and pig iron.

The classification of Hot briquetted iron includes Fe Content 90-92% and Fe Content >92%. The proportion of Fe Content 90-92% in 2018 is about 77%.

Hot briquetted iron is application in Electric Arc Furnaces, Blast Furnaces, and Basic Oxygen Furnaces. The most of Hot briquetted iron is used in Electric Arc Furnaces, and the market share in 2018 is about 76%. Rising demand for HBI to overcome problems associated with DRI during shipping and handling is driving the global hot briquetted iron (HBI) market. Compaction process of HBI is less porous and reactive than DRI; therefore, it does not create self-heating issues. This, in turn, is anticipated to propel the demand for global hot briquetted iron (HBI) market during the forecast period. Additionally, most manufacturers of steel across the globe are shifting their modes of production of steel from traditional blast furnace technology to electric furnace process due to increasing environmental pollution.

Global Hot Briquetted Iron (HBI) market size will increase to 3721.9 Million US$ by 2025, from 2656 Million US$ in 2018, at a CAGR of 2.6% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Hot Briquetted Iron (HBI).

Market Segment by Manufacturers, this report covers
Metalloinvest
Orinoco Iron
Voestalpine
Jindal Shadeed
Qatar Steel
Essar Steel
Lisco
Comsigua
Lion Group
JSW Steel  

Market Segment by Type, covers
Fe Content 90-92%
Fe Content >92%

Market Segment by Applications, can be divided into
Electric Arc Furnaces
Blast Furnaces
Basic Oxygen Furnaces

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Related Information:
North America Hot Briquetted Iron (HBI) Market Growth 2019-2024
United States Hot Briquetted Iron (HBI) Market Growth 2019-2024
Asia-Pacific Hot Briquetted Iron (HBI) Market Growth 2019-2024
Europe Hot Briquetted Iron (HBI) Market Growth 2019-2024
EMEA Hot Briquetted Iron (HBI) Market Growth 2019-2024
Global Hot Briquetted Iron (HBI) Market Growth 2019-2024
China Hot Briquetted Iron (HBI) Market Growth 2019-2024

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