ArcelorMittal to implement DRI premium for wire rod

ArcelorMittal is in the process of communicating to European customers its intention to implement a premium for all new orders of high grade wire rod that require the use of DRI in the production process, Kallanish understands.

The company currently is the sole European steelmaker with integrated DRI-EAF production in Hamburg, with a DRI plant built by Midrex..

High quality wire rod that requires the use of DRI will carry a premium going forward. The premium is set to be discussed case by case with the clients, depending on the amount of DRI needed to produce the ordered specifications.

“Clients will have the possibility to discuss the premium with their commercial agents. This will give them the opportunity to evaluate the specifications required and the actual need of DRI for the production of the order in the process,” a source with knowledge of the situation comments.

In the Hamburg mill ArcelorMittal can produce up to 700,000 t/y of DRI and 1m t/y of crude steel.

Emanuele Norsa Italy