The global hot briquetted iron (HBI) market was valued at US$ 4.4 billion in 2024 and is projected to reach US$ 8.1 billion by 2035, expanding at a CAGR of 5.8% from 2025 to 2035. Market growth is driven by rising demand for low-carbon steel production, increasing adoption of electric arc furnace (EAF) technology, and the growing focus on sustainable ironmaking processes. The transition toward...