Charlotte, North Carolina US-based Midrex Technologies has announced that early this month Kobe Steel, Ltd. of Japan and Paul Wurth S.A. of Luxembourg, a member of the SMS Group, have signed a construction license agreement that enables the SMS Group to market, design and erect MIDREX direct reduction plants around the world.
Kobe Steel, Ltd. is owner of both Midrex Technologies, Inc., and the MIDREX® Direct Reduction Process, a widely used technology for making high-quality direct reduced iron (DRI) products. The agreement will further extend the market reach of Kobe Steel, Midrex and the MIDREX Direct Reduction Technology.
DRI and its derivatives, including hot briquetted iron (HBI) are a virgin iron feed stock that is often used in steelmaking applications. Increased global demand for DRI products is fueling interest in direct reduction plants worldwide.