The remarks were made by a panel of representatives from pellet production firms – Swedish miner LKAB, Brazilian miner Samarco and Gulf-based Bahrain Steel – on Wednesday April 30.
Growth in gas-based DRI processes, particularly in the Middle East-North Africa (Mena) region as well as North America, have already raised demand for high-quality DRI pellets to 45 million tpy, according to K Prasad, ceo of Bahrain Steel.
“[DRI] plants are now operating at 60-70% [of capacity] but once they start operating at 80-90% there will be a shortage of pellets,” he added. This will be because, in a few years’ time, demand...
