Europe Hot Briquetted Iron (HBI) Market

Europe’s HBI market, a critical input for steelmakers, was valued at USD 2.34 billion in 2024 and is expected to reach USD 3.12 billion by 2030, reflecting a compound annual growth rate of 4.9 % over the forecast period. The segment is dominated by the steel industry, which accounts for 75 % of demand, followed by construction (15 %) and automotive manufacturing (8 %). Germany leads the region with 35 % of the market share, and the overall growth aligns with a 3.8 % increase in European steel output.

Europe Hot Briquetted Iron (HBI) Market – View in Detailed Research Report

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Hot briquetted iron (HBI) is a compressed form of direct reduced iron that delivers a high‑purity, low‑slag feedstock for steel production. Its use improves furnace efficiency, reduces fuel consumption, and enables tighter control over product quality.

Report Includes

The report compiles historical and forward‑looking data on supply, pricing, trading, competition, and the value chain. It also profiles major vendors and offers a customizable analysis to suit specific business needs.

Top 10 Companies in the Europe Hot Briquetted Iron (HBI) Market (2026)

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10️⃣ 1. ArcelorMittal

Headquarters: Luxembourg City, Luxembourg
Key Offering: Large‑scale HBI production for integrated steel mills

ArcelorMittal remains the dominant HBI supplier in Europe, leveraging its extensive network of integrated plants to secure a steady feedstock supply for its steelmaking operations. The company’s investment in high‑efficiency direct reduction units has reduced carbon intensity per ton of HBI produced.

Sustainability & Growth Initiatives:

• Expansion of low‑CO₂ HBI plants in Germany and the Netherlands.
• Strategic partnerships with renewable energy providers to power direct reduction units.
• Implementation of digital monitoring to optimize yield and reduce waste.

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9️⃣ 2. Metalloinvest

Headquarters: Minsk, Belarus
Key Offering: HBI for blast furnace and electric arc furnace applications

Metalloinvest has positioned itself as a reliable supplier for both traditional and modern steelmaking processes. Its focus on high‑grade HBI with Fe content above 92 % aligns with the demand for lower slag in electric arc furnaces.

Sustainability & Growth Initiatives:

• Upgrading reduction units to incorporate hydrogen‑based reduction.
• Collaboration with European steel producers to secure long‑term contracts.
• Adoption of advanced process controls to improve energy efficiency.

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8️⃣ 3. Voestalpine AG

Headquarters: Linz, Austria
Key Offering: High‑purity HBI for high‑strength steel production

Voestalpine’s HBI portfolio supports its premium steel segment, where product performance is paramount. The company’s vertical integration allows it to fine‑tune HBI characteristics to meet stringent specifications.

Sustainability & Growth Initiatives:

• Investments in carbon capture and storage for HBI production.
• Development of a closed‑loop supply chain to reduce raw material waste.
• Exploration of biomass‑derived syngas for direct reduction.

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7️⃣ 4. Tosyali Holding

Headquarters: Istanbul, Turkey
Key Offering: HBI for blast furnace and basic oxygen furnace feed

Tosyali Holding serves a wide range of European steelmakers, offering a balanced mix of 90‑92 % and >92 % Fe content HBI. Its strategic location near key ports facilitates efficient logistics.

Sustainability & Growth Initiatives:

• Expansion of HBI production capacity to 1.5 million tonnes per annum.
• Partnerships with European steel plants to secure supply agreements.
• Implementation of ISO 14001 environmental management systems.

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6️⃣ 5. Erdemir Group

Headquarters: Istanbul, Turkey
Key Offering: HBI for electric arc and basic oxygen furnaces

Erdemir Group has carved a niche by supplying high‑grade HBI to manufacturers focused on advanced high‑strength steels. Its focus on process optimization has reduced production costs.

Sustainability & Growth Initiatives:

• Investment in renewable energy sources for direct reduction units.
• Collaboration with research institutes on low‑slag HBI formulations.
• Adoption of real‑time analytics to monitor production efficiency.

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5️⃣ 6. Novolipetsk Steel (NLMK)

Headquarters: Moscow, Russia
Key Offering: HBI for blast furnace and basic oxygen furnace operations

NLMK’s HBI operations are tightly integrated with its downstream steel mills, ensuring a consistent feedstock quality that supports its high‑volume production.

Sustainability & Growth Initiatives:

• Development of low‑CO₂ reduction processes.
• Strategic alliances with European steelmakers for long‑term supply contracts.
• Deployment of AI‑driven predictive maintenance to reduce downtime.

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4️⃣ 7. Severstal

Headquarters: Moscow, Russia
Key Offering: HBI for blast furnace and electric arc furnace use

Severstal’s HBI production emphasizes high Fe content and low impurity levels, catering to the growing demand for clean‑energy steel.

Sustainability & Growth Initiatives:

• Investment in hydrogen‑based direct reduction projects.
• Collaboration with European regulators to align HBI standards.
• Implementation of carbon accounting tools across production sites.

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3️⃣ 8. Tata Steel Europe

Headquarters: Milan, Italy
Key Offering: HBI for integrated steel production

Tata Steel Europe supplies HBI to its own mills and to external customers, focusing on delivering consistent quality and reliability.

Sustainability & Growth Initiatives:

• Expansion of HBI capacity in Italy and the Netherlands.
• Integration of renewable electricity into direct reduction units.
• Partnerships with local universities for HBI process research.

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2️⃣ 9. Salzgitter AG

Headquarters: Salzgitter, Germany
Key Offering: HBI for blast furnace and basic oxygen furnace operations

Salzgitter AG’s HBI production supports its extensive steel manufacturing base, providing a reliable feedstock that aligns with its high‑quality steel standards.

Sustainability & Growth Initiatives:

• Implementation of carbon capture and utilization in HBI plants.
• Development of low‑slag HBI formulations for electric arc furnaces.
• Investment in digital twins for process optimization.

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1️⃣ 10. Thyssenkrupp AG

Headquarters: Essen, Germany
Key Offering: HBI for blast furnace and basic oxygen furnace feed

Thyssenkrupp’s HBI portfolio is tailored to meet the demands of its diversified steel operations, emphasizing consistent quality and low impurity content.

Sustainability & Growth Initiatives:

• Adoption of green hydrogen in direct reduction units.
• Collaboration with European steel associations to set HBI standards.
• Deployment of advanced process control systems to boost yield.

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Outlook: The Future of Europe Hot Briquetted Iron (HBI)

The HBI market is undergoing a shift as steel producers seek to reduce carbon intensity and improve furnace efficiency. Demand for high‑purity, low‑slag HBI is rising, especially in electric arc furnace operations that aim for near‑zero CO₂ emissions. Germany’s leading share of the market and its strong industrial base will continue to drive demand, while regulatory pressures on emissions will incentivise further investment in low‑carbon HBI production.

Future Trends Shaping the Market

• Expansion of hydrogen‑based direct reduction to lower CO₂ footprints.
• Greater integration of digital technologies for real‑time process monitoring.
• Strategic partnerships between HBI producers and steel mills to secure supply chains.
• Increasing focus on high‑Fe content HBI to meet the needs of electric arc furnace operators.