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Arab Steel Summit
Arab Steel Summit

Global DRI output up 6.9% in H1 2024

According to the data released by the World Steel Association (worldsteel), global direct reduced iron (DRI) production in the
13 countries accounting for approximately 91.5% of total world DRI production in 2023 amounted to 10.93 million metric
tons in June this year, decreasing by 3.4% month on month and up by 5.2% year on year.

Meanwhile, world DRI output came to 61.64 million metric tons in the JanuaryJune period of this year, increasing by 6.9% compared to the corresponding period of 2023.

The worldsteel data show that India was the largest DRI producer among the countries surveyed in June this year, with its DRI output amounting to 4.30 million metric tons in the given month. India was
followed by Iran, Russia and Saudi Arabia in June, with outputs of 3.70 million mt, 700,000 mt and 550,000 mt respectively.

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