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High-Quality Steel Demand Fuels HBI Market Forecast
The global hot briquetted iron (HBI) market was valued at USD 4.4 billion in 2024 and is projected to reach USD 8.1 billion by the end of 2035, expanding at a CAGR of 5.8% from 2025 to 2035. Market growth is driven by rising demand for high-quality steel production, increasing adoption of electric arc furnace (EAF) technology, and the steel industry’s growing focus on reducing carbon...
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