Regional Hubs: How the Steel Raw Materials Market Shapes Global HBI...

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2026-05-19 17:05:23 -

Regional Hubs: How the Steel Raw Materials Market Shapes Global HBI Trade

The production of HBI requires natural gas (or hydrogen) and high-grade iron ore. The steel raw materials market is concentrated in regions with cheap gas, while consumption is in regions with steel mills and EAFs. The Middle East: Gas-Rich Production Hub The Middle East (UAE, Bahrain, Saudi Arabia, Oman, Qatar) has abundant low-cost natural gas. The HBI market has many DRI...

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