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2026-04-15 04:44:15 -

Powering Steel Efficiency: HBI Additives Market Set to Double by 2034 Amid Rising Demand for Sustainable Metallurgy

The global industry was valued at US$ 273.5 Mn in 2023 and is estimated to grow at a CAGR of 6.4% from 2024 to 2034, reaching US$ 537.6 Mn by the end of 2034. The Hot Briquetted Iron (HBI) additives market is gaining increasing traction as the global steel industry shifts toward cleaner, more efficient production methods. HBI, a premium form of direct reduced iron, is widely used in electric...

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