Global Hot Briquetted Iron (HBI) Competitive Landscape Professional Research Report 2025

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.

According to DIResearch's in-depth investigation and research, the global Hot Briquetted Iron (HBI) market size was valued at XX Million USD in 2024 and is projected to reach XX Million USD by 2032, with a CAGR of XX% (2025-2032). Notably, the China market has changed rapidly in the past few years. By 2024, China's market size is expected to be XX Million USD, representing approximately XX% of the global market share. By 2032, it is anticipated to grow further to XX Million USD, contributing XX% to the worldwide market share.

The major global  manufacturers of Hot Briquetted Iron (HBI) include Metalloinvest, Orinoco Iron, Voestalpine, Jindal Shadeed, Cleveland-Cliffs, Essar Steel, Lisco, Comsigua, JSW Steel, Lion 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 North America, Europe, China, APAC (excl. China), Latin America and Middle East and Africa, 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

Jindal Shadeed

Cleveland-Cliffs

Essar Steel

Lisco

Comsigua

JSW Steel

Lion 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 Trends

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 (Revenue, Sales, Price) and Forecast Analysis

Chapter 6: Global Hot Briquetted Iron (HBI) Market Size and Forecast by Type and Application Analysis

Chapter 7: North America Hot Briquetted Iron (HBI) Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)

Chapter 8: Europe Hot Briquetted Iron (HBI) Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)

Chapter 9: China Hot Briquetted Iron (HBI) Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)

Chapter 10: APAC (Excl. China) Hot Briquetted Iron (HBI) Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)

Chapter 11: Latin America Hot Briquetted Iron (HBI) Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)

Chapter 12: Middle East and Africa Hot Briquetted Iron (HBI) Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)

Chapter 13: Global Hot Briquetted Iron (HBI) Competitive Analysis of Key Manufacturers (Sales, Revenue, Market Share, Price, Regional Distribution and Industry Concentration)

Chapter 14: Key Company Profiles (Product Portfolio, Sales, Revenue, Price and Gross Margin)

Chapter 15: Industrial Chain Analysis, Include Raw Material Suppliers, Distributors and Customers

Chapter 16: Research Findings and Conclusion

Chapter 17: Methodology and Data Sources