DRI

The main volume of products was shipped from Russia and Libya – 357.7 thousand tons and 100.5 thousand tons, respectively

The contractors were Tenova, Danieli and DSD Steel Group

Major iron ore producers are interested in the proposal of the Chinese company

Building DRI production capacity could be part of the country's recovery

The enterprise is planned to be commissioned by the end of 2026

Construction should begin by July 2023

The project envisages the production of 5 million tons of DRI per year

The start-up of the plant is planned for the end of 2026

Production is planned to start in 2028

The agreement provides for cooperation in the search for innovative solutions for the processing of ferrous metals

The companies will conduct a feasibility study for the establishment of a plant in Abu Dhabi

The Middle East and Asia are the largest producers of DRI – 54.8 million tons and 39.5 million tons, respectively