Hot briquetted iron (HBI) is a compressed form of DRI produced with well-defined and stable chemical and physical properties. HBI is manufactured for long-distance transport and is melted in various steel processes. It can be used all year round and, unlike waste, tends to have a collection season. The chemical composition of HBI is approved by the manufacturer and strictly follows ISO quality standards. The global Hot Briquetted Iron (HBI) market size was estimated at USD 3,615.9 million by 2022 and is expected to reach an adjusted size of USD 4,218 million by 2028, growing at a CAGR of 2.6% during the period under review. PUNE, April 20, 2022 (GLOBE NEWSWIRE) -- The latest Global Hot Briquette (HBI) Market Research Report 2022 provides detailed information on the market overview, modern trends, demand, and latest developments influencing the growth of the market in the upcoming year. The Hot Briquetted Iron (HBI) Market report also covers new business developments, price, revenue, gross margin, market size, share, growth potential and upcoming market strategies followed by leading players. 
HBI (Hot Briquetted Iron) can be used as a scrap supplement in electric arc furnaces to produce the hardest steel grades. HBI is also used in blast furnaces to increase productivity and reduce coke consumption or in blast furnace oxygen furnaces as a low-waste alternative to scrap. Shipments of hot briquetted iron (HBI). HBI produced by DRI is compressed at temperatures above 650°C to form briquettes approximately 90 to 130 mm long, 80 to 100 mm wide, and 20 mm to 50 mm thick. HBI is a safer form of DRI because it is resistant to overheating if wet. However, it can still make small amounts of hydrogen during transport. According to IMSBC rules, inertia is not required, but adequate surface ventilation is required. Cold briquette iron and carbon (CBIC) is an innovation in the direct reduction industry, designed to provide the best solution for deactivation of cold direct reduced iron (CDRI) produced in direct reduction furnaces. 
Hot Briquetted Iron Price today
There are different prices in the global market as per origin and product quality for example Platts has learned from market sources that the export price of hot iron briquettes from Venezuela has decreased by $10 per ton over the past seven days. However, they said they expect the drop to be short-lived. "Demand is at normal levels. However, if you consider the current Venezuelan HBI market, this 'normal' demand is very high. Production levels are very low, and it has become increasingly difficult to meet demand since the beginning of the year." An express trader. As of last week, Venezuelan HBI traded around $280-300/t FOB Ordas, down from $290-310/t for April shipments. However, the general expectation is that prices will rise to an average of $295 per ton over the next few weeks. 
The country's HBI production has been negatively affected, mainly due to a lack of iron ore pellets at its only current domestic supplier, integrated steelmaker Sidor. The Russian mining and steel company will consider the next strategy cycle after completing five strategic cycles in its current 2019-23 period, Severstal Chief Financial Officer Alexei Kulichenko told analysts on a conference call on February 18. The company has developed its HBI production. Program of the year in addition to the projected capacity of 8 million tons per year of HBI/DRI until 2022 (a total of 4.8 million tons per year of HBI and 3.2 million tons per year of DRI), Metalvinost, the only Russian producer of these products, has a production capacity of 8 million tons per year. Will have. In 2024-2025, with the addition of two more furnaces, HBI's total production is 4.16 million tons per year. Steel giant NLMK plans to build a 2.5 million ton per year HBI complex by 2027. Ecolant, a company owned by steel pipe and railway wheel manufacturer OMK, has just broken ground on its 2.5 million ton/year electric arc furnace steel plant, 1.8 million ton/year in Viksa, Nizhny Novgorod. The DRI-EAF plant should be operational by 2025. 
Hot Briquetted Iron Manufacturers
There are many companies produce Hot Briquette Iron in the global like Stena Metals is an international trader and distributor of raw materials and various steel products for the steel industry. Stena Metal Inc. is part of the Stena Metall AB group and was established in 1939. Founded in 1986, it is an independent international trade organization headquartered in Stamford, Connecticut. Hot briquetted iron (HBI) is a relatively new product, developed over the past 25 years as a complement to pig iron and scrap in electric steel mills. CVG Ferrominera Orinoco sells products for the steel industry: fine and coarse iron ore for sintering, pelletizing and direct reduction processes, likewise we produce pellets for blast furnaces and direct reduction. And briquette for blast furnaces and electric arc furnaces. JSC "KGIW" has an important position among the leading Russian producers of high-purity pig iron, hot briquette iron, ferromanganese, industrial and artistic castings. The company has successfully mastered the production of crushed stone and bricks. 
Our products are widely used in mechanical engineering, metallurgy, construction, and other industries. TiZir Limited is a vertically integrated zircon and titanium business active in the mining, production and sale of ilmenite, zircon, rutile, luxene, titanium slag and high purity pig iron. Sesa Goa Iron Ore is a company of the Vedanta Group engaged in the exploration, mining, and processing of iron ore. The company was established in 1954 as Scambi Economici SA Goa. Since then, it has become one of the top producers of cheap iron ore in the country. From 1991 to 1995, the company diversified into pig iron and metallurgical coke production. It has also developed indigenous and environmentally friendly technologies to produce high-quality metallurgical coke. Sesa Goa Iron Ore also owns a 60 MW power plant that generates clean electricity by recovering waste heat from coke oven and blast furnace gas. 
Hot Briquetted Iron Uses
Hot briquetted iron (HBI) is a compressed form of DRI produced with well-defined and stable chemical and physical properties. The use of HBI can benefit steel plants in two ways: This allows the production of high-quality steel products that cannot be produced continuously due to the high levels of residual elements in most obsolete scrap. This allows low-cost, lower-grade scrap to be used to produce premium steel products. HBI is mainly used in electric arc furnaces (EAFs) because of its dilution effect, i.e., reducing the overall level of metal and sulfur residues. In expansion, HBI offers these operational points of interest with other shapes of DRI: It is combined with other metals to have the most optimal charging mode Can be fed continuously to maximize turn-on time and increase tub weight The slag strengthens the bottom and reduces the nitrogen level of the EAF Fire protection to reduce damage Equally effective in an AC or DC furnace. 
long or short arc operation Compatible with jet fuel and oxygen Predictable mass and heat balance These unique HBI features provide additional benefits: High density (5.0 g/cm3) allows rapid penetration into the slag layer Improved thermal and electrical conductivity for faster melting Less fines are incurred during handling, transportation and storage Easy handling, storage and transportation in all weather conditions using standard material handling equipment Transportation is safer and cheaper. Physical characteristics are often cited as the cause of HBI. Its greater mass allows rapid penetration into the slag layer. HBI is 100 times more resistant to re-oxidation than traditional DRI and has 75% less water absorption. HBI also generates lower fines, which provides more value to users and reduces safety concerns during handling and transportation. Compatible in size and shape with standard material handling equipment, HBI can be batch charged or continuously fed into furnaces. 
hot briquetted iron Shipping
Shipments of hot briquetted iron (HBI). HBI produced by DRI is compressed at temperatures above 650°C to form briquettes approximately 90 to 130 mm long, 80 to 100 mm wide, and 20 mm to 50 mm thick. HBI is a safer form of DRI because it is resistant to overheating if wet. However, it can still make small amounts of hydrogen during transport. According to IMSBC rules, inertia is not required, but adequate surface ventilation is required. HBI - Direct Reduced Iron (A) - Classified as Group B (Chemically Hazardous Cargoes) and MHB (Hazardous Substances in Bulk Only) under the International Maritime Organization's International Maritime Solid Bulk Cargo Rules, but different from the DRI, the DRI must be in be it an inert atmosphere, HBI only requires surface ventilation during transport. More information can be found in the IIMA Logistics Guide, HBI: Guide to Shipping, Handling and Storage. 
One of the main focuses of IIMA is the safe transportation of ore-based metals - hot briquetted iron (HBI), direct reduced iron (DRI) and pig iron. This guide has been updated and supplemented with the timetable for HBI (designated as DRI (A) briquettes, thermoformed) under the International Marine Solid Bulk Cargo Code (IMSBC) of the IMO Convention on the Carriage of Solid Bulk Cargoes by Sea Is. HBI and DRI are classified as Group B goods. Group B cargoes are solid bulk cargoes that, due to their nature or chemical characteristics, may present chemical hazards during transportation. IIMA has consultative NGO status with IMO. The IMSBC HBI Rule Sheet deals with precautions during loading, handling, and unloading of HBI cargo. Millions of tons of HBI have been transported safely with this program. 
Cold Briquetted Iron
Cold Briquette Iron and Carbon (CBIC) is a direct reduction industry innovation designed to provide the best solution for passivation of cold direct reduced iron (CDRI) produced in direct reduction furnaces. Cold-formed briquettes are defined as DRIs formed at temperatures below 650°C or with a density below 5000 kg/m3. Due to the severe shortage of raw materials for steelmaking in many countries of the world, there is a need to find alternative materials to replace the expensive steel and scrap used by steel mills. DRI particles are a spongy metallic material produced by the reduction (removal of oxygen) of iron oxide (FeO) at temperatures below the melting point of iron. Cold Briquette Iron (CBI) During the production of steel using sponge iron (DRI) as a raw material, many fine particles that are not useful for steelmaking are generated. These metal particles and fines are converted into briquettes using sodium silicate (Na2SiO3) as glue and lime as flux. 
The agglomerates formed are called cold briquettes (CBI) because they are compressed as the particles cool. In other words, in the direct reduction (DR) industry, cold-formed briquettes produced from fines and by-products produced during the production, storage and handling of DRI are referred to as "cold briquetted iron (CBI)". In addition to increasing the use of fine particles, the cold briquetting system has been a very important development in the transportation and storage of Midrex DRI (sponge iron). The low surface area of these high-density briquettes can increase their resistance to re-oxidation by about 5 to 6 g/cm3. In this process, the DRI particles are transformed into briquettes through a roller press. Sufficient free carbon content (0-10 wt.%) required for steelmaking furnaces can be added to the CBIC during the briquetting process. In other words, CBIC is a metallic material that is molded into agglomerates, obtained through a compression process, in which granular DRI is fed into a roller press at room temperature. 
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