Report Overview:
Hot Briquetted Iron (HBI) is a premium form of DRI that has been compacted at a temperature greater than 650° C at time of compaction and has a density greater than 5,000 kilograms per cubic metre (5,000 kg/m3).

HBI was developed as a product in order to overcome the problems associated with shipping and handling of DRI - due to the process of compaction it is very much less porous and therefore very much less reactive than DRI and does not suffer from the risk of self-heating associated with DRI.

HBI has applications in EAFs (Electric Arc Furnaces), BOF (Basic Oxygen Furnaces), and BFs (Blast Furnaces) although most of HBI is used in EAFs of which the market share in 2018 was around 76%. Growing demand for HBI is boosting the global market of this product. Additionally, many steel producers across the world are shifting their means of steel production from traditional BFs technology to electric furnace (EAF) process because of the increasing environmental pollution.

The Global Hot Briquetted Iron (HBI) Market Size was estimated at USD 3516.70 million in 2021 and is projected to reach USD 4208.88 million by 2028, exhibiting a CAGR of 2.60% during the forecast period.
Bosson Research’s latest report provides a deep insight into the global Hot Briquetted Iron (HBI) market covering all its essential aspects. This ranges from macro-overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.
The analysis helps to shape the competition within the industries and strategies to the competitive environment in order to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of Global Hot Briquetted Iron (HBI) Market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Hot Briquetted Iron (HBI) market in any manner.
Global Hot Briquetted Iron (HBI) Market: Market Segmentation Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Market segmentation creates subsets of a market based on product type, end user or application, Geographic, and other factor. By understanding the market segments, decision maker can leverage this targeting in product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Metalloinvest
Orinoco Iron
Voestalpine
Jindal Shadeed
Qatar Steel
Essar Steel
Lisco
Comsigua
Lion Group
JSW Steel
Stena Metal Inc.
Cleveland-Cliffs Inc.

Market Segmentation (by Type)
Fe Content 90-92%
Fe Content >92%

Market Segmentation (by Application)
Electric Arc Furnaces
Blast Furnaces
Basic Oxygen Furnaces

Geographic Segmentation
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
South America (Brazil, Argentina, Columbia, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:
• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Biobased Transformer Oil Market
• Overview of the regional outlook of the Biobased Transformer Oil Market:

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