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Report: Worldwide DRI Production Sets New Record 

According to furnace builder’s annual tally, production rose to 140.8 million metric tons, up 3.8% from 2023. The company said production growth was primarily driven by Indian rotary kiln-based production, which grew 13.9%. 
 
However, production from gas-based shaft furnace output saw a slight contraction, dipping 0.4%, or about 300,000 metric tons. 

Proportionally, the amount of coal-based DRI produced in rotary kilns has been gaining ground, driven by production in India. Since 2019, Indian coal-based rotary kiln DRI production has risen increased by nearly 20 million metric tons, or 76.5%, Midrex said.