[SMM Iron & Steel] TOSYALI Algerie Sets World Record for DRI Production on Single Module

Published: Feb 2, 2026 16:36

Save

Midrex and TOSYALI Algerie announced on January 28, 2026, that their Module 2 plant set a new world record for the highest annual production of Direct Reduced Iron (DRI) from a single module, produced 2.43 million tons of direct reduced iron. This achievement underscores the increasing competitiveness of gas-based DRI-EAF routes over traditional blast furnaces in North Africa, as global steelmakers face mounting pressure to reduce carbon intensity and move away from coal-dependent processes.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

32 mins ago

[SMM Ferrochrome Daily Review] Ore End Shows Strength, Ferrochrome Maintains Stable Operations

[smm ferrochrome daily review: ore end shows strength, ferrochrome remains stable] on march 2, 2026, the ex-factory price of high-carbon ferrochrome in the inner mongolia region remained unchanged mom from the previous trading day...

32 mins ago

59 mins ago

[SMM Stainless Steel Daily Review] Geopolitical Boost and Cost Support Drive SS Futures Higher, Spot Stainless Steel Follows with Optimistic Outlook

[smm stainless steel daily review] geopolitical boost and cost support drive ss futures higher, spot stainless steel prices follow with a positive outlook smm march 2 news, ss futures fluctuated upward. influenced by the escalation of middle eastern geopolitical conflicts over the weekend, precious metals and crude oil-related futures rose first, followed by non-ferrous metals, with ss futures also strengthening, closing at 14,385 yuan/mt. in the spot market, driven by the strong performance of ss futures and the further increase in high-grade npi raw material prices, spot stainless steel quotations have risen; however, due to insufficient downstream end-user operations, overall purchasing attitudes remain cautious. despite this, under the multiple benefits of cost support, expectations for the peak "golden march and silver april" season, and recent increases in futures, traders generally hold an optimistic view of the future. the most-traded ss futures contract strengthened and probed higher. at 10:30 am, ss2604 was quoted at 14,160 yuan/mt, up 10 yuan/mt from the previous trading day. in wuxi, the spot premiums and discounts for 304/2b were in the range of 360-560 yuan/mt. in the spot market, wuxi cold-rolled 201/2b coils remained stable; the average price of wuxi cold-rolled 304/2b coils with trimmed edges increased by 50 yuan/mt, and foshan's average price also rose by 50 yuan/mt; wuxi cold-rolled 316l/2b coils increased by 200 yuan/mt; hot-rolled 316l/no.1 coils in wuxi rose by 300 yuan/mt; both wuxi and foshan cold-rolled 430/2b coils remained stable. the stainless steel market is gradually recovering, with ss futures strengthening and probing higher, fueled by rising expectations for the traditional "golden march and silver april" consumption peak and indonesian nickel ore...

59 mins ago

1 hour ago

Data: SHFE, DCE market movement (Mar 02)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 02 Mar , 2026

1 hour ago