Hot Briquetted Iron Market Drivers, Challenges, and Forecast 2032

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2026-02-20 06:39:57 -

The Hot Briquetted Iron Market is witnessing steady expansion driven by the global steel industry’s shift toward cleaner and more efficient raw materials. Valued at US$ 4,567.23 million in 2024, the market is projected to grow at a CAGR of 5.7% from 2025 to 2032. Hot Briquetted Iron (HBI), a compacted form of Direct Reduced Iron (DRI), is increasingly preferred in electric arc furnaces...

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