140.8 Mt of DRI Produced Globally in 2024

Global direct reduced iron (DRI) production in 2024 was 140.8 million tons (Mt), up by 5.1 Mt (3.8%) from the previous record of 135.7 Mt set in 2023. Since 2019, worldwide DRI output has grown by 32.7 million tons per annum (Mta), or approximately 30.3%.

MIDREX® Plants produced 76.2 Mt of DRI in 2024, which is 0.6% more than the 75.7 Mt produced in 2023, both annual records. The MIDREX Process accounted for 54.1% of total DRI produced and 80.1% of the DRI produced in shaft furnaces. MIDREX Plants have produced a cumulative total of over 1.46 billion tons (Bt) of all forms of DRI (CDRI, HDRI, and HBI).

Each year Midrex Technologies, Inc. compiles and publishes World Direct Reduction Statistics as a resource for the global iron and steel industry. World Steel Dynamics (WSD) audits the data collection and preparation processes used by Midrex to confirm that the methodology and accuracy of the data to be published is representative of the global direct reduction industry in a given year.