Valley Cottage, NY -- (SBWire) -- 10/20/2020 --Future Market Insights' (FMI) new research report on the global Direct Reduced Iron (DRI) market offers in-depth analysis of the global trends, drivers, challenges, opportunities, and restraints which will shape the market growth in the years to come. The analysts at FMI have scrutinized and incorporated every possible factor that directly or and indirectly impacts the growth of the market during the forecast period (2020 to 2030). To facilitate easy understanding to the readers the vast study is condensed and structured on the basis of different segments and regions. Along similar lines, the market variables such as growth, consumption, value chain analysis, supply chain, etc. are presented transparently.
The report is essential for the stakeholders operating in the Direct Reduced Iron (DRI) market, such as manufacturers, distributors, suppliers, and investors, to understand the varying demand and supply side parameters. Having studied various parameters, therefore paints a lucid picture of the path the market is headed in.
Impact of COVID-19 on Direct Reduced Iron (DRI) Market
The overall chemicals & materials industry is currently experiencing fluctuations in demand and sales and Direct Reduced Iron (DRI) market is no different. Beginning from the first quarter of 2020, there has been a curt change in working methodologies across manufacturing facilities to comply with the social distancing norms in place. The same extends to the Direct Reduced Iron (DRI) market, akin to other industries operating in the chemicals & materials domain. As a result of operations with limited work force, hindered supply chains, and terminated operations, a growth trajectory of Direct Reduced Iron (DRI) market is expected to navigate through a bumpy trajectory through the pandemic.
FMI's report includes a dedicated section expounding both the short-term and long-term impact of the pandemic on the Direct Reduced Iron (DRI) market. The study is shaped to bolster stakeholders in making the right decisions to mitigate challenges and leverage opportunities through the pandemic.
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Direct Reduced Iron (DRI) Market: Segmentation
To simply the gargantuan study, the report is segregated on the basis of different segments.
Production Process
Coal-based
Gas-based
Application
Steel Production
Construction
The aforementioned segments are studied with respect to each individual region, considering the region-specific trends, drivers and restraints.
Direct Reduced Iron (DRI) Market: Competition Analysis
The study bestows valuable insights into the competitive landscape of the global Direct Reduced Iron (DRI) market, by studying numerous players, their growth strategies, and key developments. The report dwells deep and scrutinizes several facets such as product launches, production methodologies, and steps adopted by players to cut costs, among others. Understanding the prevailing trends and strategies on the supply-side empowers players to foster their plan of action accordingly to progress on a remunerative path. Key players covered in the research include
Americas
ArcelorMittal
Ferrominera Orinoco (FMO)
Venezolana de Prerreducidos Caroní C.A. (Venprecar)
NUCOR
Europe & Middle East
Mobarakeh Steel Company
Khouzestan Steel Company
Tosyal? Holding
METALLOINVEST MC LLC
Asia Pacific
JSW
AM/NS India
Tuwairqi Steel Mills
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Key Questions Answered in FMI's Direct Reduced Iron (DRI) Market Report
Which region is anticipated to hold a prominent market share over the forecast period?
What will be the key driving factor propelling the demand for Direct Reduced Iron (DRI) during the forecast period?
How current socio-economic trends will impact the Direct Reduced Iron (DRI) market?
What are the growth strategies implemented by prominent players in the Direct Reduced Iron (DRI) market to maintain their foothold in the competitive landscape?
Demand for Direct Reduced Iron (DRI) to Experience a Significant Dip in 2020, Influenced by COVID-19 Pandemic