From January to October 2024, the European Union imported 2.26 million tons of direct reduced iron (DRI). This import volume reflects the EU’s ongoing efforts to secure raw materials for steel production amid fluctuating market conditions.
The increase in DRI imports is driven by the need to support steel manufacturing processes, particularly as the region faces challenges related to energy costs and supply chain disruptions. The European steel industry continues to adapt to these conditions, seeking stable sources of essential materials.