Feature: Russia’s hot-briquetted, direct-reduced iron capacity set to double

Russia’s hot-briquetted iron and direct-reduced iron capacity is set to more than double over the next five years to over 17 million mt/year, according to projects in the pipeline, meaning the country’s production or procurement of DR-grade pellets needed to feed new HBI and DRI furnaces will also have to double. Alexey Kulichenko, the chief financial officer of Severstal, told…