Mexico Direct Reduced Iron Market Size & Outlook
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Mexico direct reduced iron market highlights
- The Mexico direct reduced iron market generated a revenue of USD 2,525.1 million in 2024 and is expected to reach USD 3,554.2 million by 2030.
- The Mexico market is expected to grow at a CAGR of 6.7% from 2025 to 2030.
- In terms of segment, steelmaking was the largest revenue generating end use in 2024.
- Steelmaking is the most lucrative end use segment registering the fastest growth during the forecast period.
Direct reduced iron market data book summary
| Market revenue in 2024 | USD 2,525.1 million |
| Market revenue in 2030 | USD 3,554.2 million |
| Growth rate | 6.7% (CAGR from 2025 to 2030) |
| Largest segment | Steelmaking |
| Fastest growing segment | Steelmaking |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Steelmaking |
Other key industry trends
- In terms of revenue, Mexico accounted for 5.3% of the global direct reduced iron market in 2024.
- Country-wise, India is expected to lead the global market in terms of revenue in 2030.
- In North America, Mexico direct reduced iron market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 3,554.2 million by 2030.
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Direct Reduced Iron Market Scope
Direct Reduced Iron Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Tosyali Holding | View profile | 10001+ | Istanbul, Istanbul, Turkey, Europe | https://www.tosyaliholding.com.tr/ |
| Qatar Steel Company | View profile | 1001-5000 | Qatar, Al Aqabah, Jordan, Asia | https://www.qatarsteel.com.qa |
| Welspun Group | View profile | 10001+ | Mumbai, Maharashtra, India, Asia | https://www.welspun.com |
| ArcelorMittal Nippon Steel India | View profile | 501-1000 | Surat, Gujarat, India, Asia | https://www.amns.in/ |
| Shadeed Iron & Steel | View profile | 251-500 | Sohar, Al Batinah, Oman, Asia | https://jindalshadeed.com |
| Kobe Steel Ltd | View profile | 44938 | 2-4, Wakinohama-Kaigandori 2-chome, Chuo-ku, Kobe, Hyogo, Japan, 651-8585 | http://www.kobelco.co.jp |
| Nucor Corp | View profile | 32000 | 1915 Rexford Road, Charlotte, NC, United States, 28211 | https://www.nucor.com |
Mexico direct reduced iron market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to direct reduced iron market will help companies and investors design strategic landscapes.
Steelmaking was the largest segment with a revenue share of 86.12% in 2024. Horizon Databook has segmented the Mexico direct reduced iron market based on steelmaking covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of direct reduced iron market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico direct reduced iron market , including forecasts for subscribers. This country databook contains high-level insights into Mexico direct reduced iron market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico End Use - Direct Reduced Iron Market size, 2024 - 2030 (US$M)
Mexico Direct Reduced Iron Market Outlook Share, 2024 & 2030 (US$M)
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