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Forget Scrap -- Direct Reduced Iron Is New Big Trend in Steel Industry, an Industrial Info News Alert

SUGAR LAND, TX -- (Marketwired) -- 01/27/14 -- Affordable natural gas seems to be boosting investments in direct-reduced iron and hot-briquetted iron (DRI/HBI) in North America, particularly in the U.S. Companies like Nucor Corporation (NYSE:NUR) (Charlotte, North Carolina), Voestalpine (Linz, Austria), Republic Steel (Canton, Ohio), North Star BlueScope (Melbourne, Australia) and newcomer International Metallics Corporation (Reston, Virginia) are making huge investments in DRI/HBI. Altogether, companies have spent approximately $300 million to $800 million on recent DRI projects in North America.

Other companies featured: U.S. Steel (NYSE:X)

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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and nine international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.

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