Gold ₹15,652.75/g ▲ +0.00% Silver ₹236.98/g ▲ +0.00% Platinum ₹5,606.41/g ▼ -0.03% Palladium ₹4,364.96/g ▼ -0.03% Rhodium ₹24,752.50/g ▼ -0.59% Copper ₹1,265.95/kg ▼ -0.05% Aluminium ₹281.57/kg ▼ -0.03% Cobalt ₹4,896.82/kg ▼ -0.03% Gallium ₹23,085.74/kg ▼ -0.03% Indium ₹69,192.57/kg ▼ -0.03% Iron Ore ₹8.34/kg ▼ -0.03% Lead ₹165.96/kg ▼ -0.03% Lithium ₹1,978.78/kg ▼ -0.03% Molybdenum ₹7,986.25/kg ▼ -0.03% Nickel ₹1,460.29/kg ▲ +0.19% Neodymium ₹12,351.18/kg ▼ -0.03% Tin ₹4,795.48/kg ▼ -0.03% Tellurium ₹10,314.22/kg ▼ -0.03% Uranium ₹17,126.53/kg ▼ -0.03% Zinc ₹336.16/kg ▼ -0.08% Crude Oil (Brent) ₹8,419.22/bbl ▼ -0.03% Crude Oil (WTI) ₹7,961.39/bbl ▼ -0.03% Gasoline ₹331.81/gal ▼ -0.03% Natural Gas ₹275.00/MMBtu ▼ -0.03%

Product

Direct Reduced Iron (DRI)

Iron produced by reducing iron ore to metallic iron without melting it, typically using natural gas or hydrogen, used as a lower-carbon alternative to blast-furnace ironmaking.

Covered in 1 MetalsCost.com News Intelligence article, most recently on August 29, 2026.

Coverage

Steel's Green Shift Could Run Into a 133-Million-Tonne Iron Ore Shortfall by 2040

As steelmakers move away from blast furnaces to cut emissions, BloombergNEF projects a 133-million-tonne annual shortage of the high-purity iron ore pellets those newer processes need by 2040.

Neutral · 1 day ago