Reports

Global Hot Briquetted Iron (HBI) Market Research Report, Competitive, Technology and Forecast Analysis 2025-2032

Published:2025-05-10Pages:110Tables and Figures:125
Report ID:BJFL003451Report Format:Delivery:Within 72h

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Research Scope
Table of Contents
Tables and Figures

Market Overview

According to DIResearch's in-depth investigation and research, the global Hot Briquetted Iron (HBI) market size will reach 5,532.78 Million USD in 2025 and is projected to reach 6,407.95 Million USD by 2032, with a CAGR of 2.12% (2025-2032). Notably, the China Hot Briquetted Iron (HBI) market has changed rapidly in the past few years. By 2025, China's market size is expected to be Million USD, representing approximately % of the global market share.

Research Summary

Hot Briquetted Iron (HBI) is a form of direct reduced iron (DRI) that is compacted and compressed into dense cylindrical shapes. The production of HBI involves the direct reduction of iron ore in a process that removes oxygen and transforms it into a metallic state. The resulting iron is then compacted into briquettes at high temperatures, creating a dense and easily transportable product. HBI is valued for its high iron content, low impurities, and consistency, making it an attractive feedstock for electric arc furnaces in steelmaking. The compact and dense nature of HBI allows for efficient handling, storage, and transportation, contributing to its popularity in the global iron and steel industry. The use of HBI in steel production reduces the reliance on traditional iron ore and contributes to more sustainable and efficient manufacturing processes.

The major global  manufacturers of Hot Briquetted Iron (HBI) include Metalloinvest, Orinoco Iron, Voestalpine, Mobarakeh Steel, Jindal Shadeed, Cleveland-Cliffs, Essar Steel, Lisco, Comsigua, JSW Steel, Lion Group, Saba Steel, HBIS Group, Baowu Group, etc. The global players competition landscape in this report is divided into three tiers. The first tier comprises global leading enterprises that command a substantial market share, hold a dominant industry position, possess strong competitiveness and influence, and generate significant revenue. The second tier includes companies with a notable market presence and reputation; these firms actively follow industry leaders in product, service, or technological innovation and maintain a moderate revenue scale. The third tier consists of smaller companies with limited market share and lower brand recognition, primarily focused on local markets and generating comparatively lower revenue.

This report studies the market size, price trends and future development prospects of Hot Briquetted Iron (HBI). Focus on analysing the market share, product portfolio, prices, sales, revenue and gross profit margin of global major manufacturers, as well as the market status and trends of different product types and applications in the global Hot Briquetted Iron (HBI) market. The report data covers historical data from 2020 to 2024, based year in 2025 and forecast data from 2026 to 2032.

The regions and countries in the report include US, Germany, Japan, China, France, UK, South Korea, Canada, Italy, Russia, Mexico, Brazil, India, Vietnam, Thailand, South Africa and other regions, covering the Hot Briquetted Iron (HBI) market conditions and future development trends of key regions and countries, combined with industry-related policies and the latest technological developments, analyze the development characteristics of Hot Briquetted Iron (HBI) industries in various regions and countries, help companies understand the development characteristics of each region, help companies formulate business strategies, and achieve the ultimate goal of the company's global development strategy.    

The data sources of this report mainly include the National Bureau of Statistics, customs databases, industry associations, corporate financial reports, third-party databases, etc. Among them, macroeconomic data mainly comes from the National Bureau of Statistics, International Economic Research Organization; industry statistical data mainly come from industry associations; company data mainly comes from interviews, public information collection, third-party reliable databases, and price data mainly comes from various markets monitoring database.

Global Key Manufacturers of Hot Briquetted Iron (HBI) Include:

Metalloinvest

Orinoco Iron

Voestalpine

Mobarakeh Steel

Jindal Shadeed

Cleveland-Cliffs

Essar Steel

Lisco

Comsigua

JSW Steel

Lion Group

Saba Steel

HBIS Group

Baowu Group

Hot Briquetted Iron (HBI) Product Segment Include:

90-92%

Above 92%

Hot Briquetted Iron (HBI) Product Application Include:

Electric Arc Furnaces

Blast Furnaces

Basic Oxygen Furnaces

Others


Chapter Scope

Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trend

Chapter 2: Global Hot Briquetted Iron (HBI) Capacity and Production Analysis

Chapter 3: Global Hot Briquetted Iron (HBI) Industry PESTEL Analysis

Chapter 4: Global Hot Briquetted Iron (HBI) Industry Porter's Five Forces Analysis

Chapter 5: Global Hot Briquetted Iron (HBI) Major Regional Market Size (Sales, Revenue, Price) and Forecast Analysis

Chapter 6: Global Hot Briquetted Iron (HBI) Competitive Analysis of Key Manufacturers (Sales, Revenue, Market Share, Price, Regional Distribution and Industry Concentration)

Chapter 7: Global Hot Briquetted Iron (HBI) Sales, Revenue, Price and Forecast by Product Type

Chapter 8: Key Company Profiles (Product Portfolio, Sales, Revenue, Price and Gross Margin)

Chapter 9: Industrial Chain Analysis, Hot Briquetted Iron (HBI) Different Application Market Analysis (Sales and Revenue), Sales Channel Analysis

Chapter 10: Research Findings and Conclusion

Chapter 11: Methodology and Data Sources

Competitor Data

Global Hot Briquetted Iron (HBI) Revenue, Sales and Market Share by Player

Revenue (US$ Million)20202021202220232024
MetalloinvestXXXXXXXXXX
Orinoco IronXXXXXXXXXX
VoestalpineXXXXXXXXXX
Mobarakeh SteelXXXXXXXXXX
Jindal ShadeedXXXXXXXXXX
Cleveland-CliffsXXXXXXXXXX
Essar SteelXXXXXXXXXX
LiscoXXXXXXXXXX
ComsiguaXXXXXXXXXX
JSW SteelXXXXXXXXXX
Lion GroupXXXXXXXXXX
Saba SteelXXXXXXXXXX
HBIS GroupXXXXXXXXXX
Baowu GroupXXXXXXXXXX
Other CompaniesXXXXXXXXXX
TotalXXXXXXXXXX


image.png


Sales (K Ton)20202021202220232024
MetalloinvestXXXXXXXXXX
Orinoco IronXXXXXXXXXX
VoestalpineXXXXXXXXXX
Mobarakeh SteelXXXXXXXXXX
Jindal ShadeedXXXXXXXXXX
Cleveland-CliffsXXXXXXXXXX
Essar SteelXXXXXXXXXX
LiscoXXXXXXXXXX
ComsiguaXXXXXXXXXX
JSW SteelXXXXXXXXXX
Lion GroupXXXXXXXXXX
Saba SteelXXXXXXXXXX
HBIS GroupXXXXXXXXXX
Baowu GroupXXXXXXXXXX
Other CompaniesXXXXXXXXXX
TotalXXXXXXXXXX


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