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Sponge Iron Market Size, Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports
Sponge Iron market was valued at US$ 726 million in 2023 and is anticipated to reach US$ 1084.1 million by 2030, witnessing a CAGR of 6.5% during the forecast period 2024-2030.Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-13A6942/Global_Sponge_Iron_Market_Insights_Forecast_to_2028
Sponge iron is a metallic product produced through the direct reduction of iron ore in the strong state.
North American market for Sponge Iron is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Sponge Iron is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global manufacturers of Sponge Iron include Mobarakeh Steel Company, Tata Sponge, Welspun Group, Jindal Steel & Power Ltd, Umesh Modi Group, Prakash Industries Limited, Sajjan, Bhushan and Sarda Energy & Minerals Limited, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Sponge Iron, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Sponge Iron.
By Type
• Gas-Based Direct Reduction Iron
• Coal-Based Direct Reduction Iron
By Application
• Metallurgical Industry
• Steel Industry
Key Players
Mobarakeh Steel Company, Tata Sponge, Welspun Group, Jindal Steel & Power Ltd, Umesh Modi Group, Prakash Industries Limited, Sajjan, Bhushan, Sarda Energy & Minerals Limited, Qatar Steel, Gallantt, NMDC, United Raw Materials, ArcelorMittal, KhorasanSteel
View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-13A6942/global-sponge-iron
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