Mining Industry Sees Bright Future for Direct-Reduced Iron Technology

SUGAR LAND--May 22, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Mining companies in the U.S and elsewhere have shown significant interest in direct-reduced iron (DRI) technology as an added-value product to ore or pellet production. In North America, affordable natural gas and low iron ore prices make DRI economically viable, not to mention the fact that steelmakers are looking for furnace feedstock alternatives to steel scrap and iron pellets.

Within this article: Update on use of direct reduced iron technology by mining companies.

Additional companies: Cliffs Natural Resources Incorporated (NYSE:CLF), Nucor Corporation (NYSE:NUE)