Kobe Steel of Japan and Paul Wurth , a member of the SMS Group, have signed a construction license agreement that enables the SMS Group to market, design and erect MIDREX Direct Reduction Plants around the world.
Kobe Steel owns Midrex Technologies and the MIDREX Direct Reduction Process – the productive technology for making high-quality direct reduced iron (DRI) products. DRI and its derivatives, including hot briquetted iron (HBI) are a virgin iron feed stock that is often used in steelmaking applications. Increased global demand for DRI products is fuelling interest in direct reduction plants worldwide.
Germany’s SMS Group is a world leader in engineering and equipment for the iron and steel industry. The MIDREX licensing agreement enables SMS to add a new strength to their core capabilities that cover the full range of facilities for the metals sector. The agreement will further extend the market reach of Kobe Steel, Midrex and the MIDREX Direct Reduction Technology.
Paul Wurth joins Kobe Steel, Siemens VAI Metals Technologies and Midrex Technologies as a construction licensee for MIDREX Direct Reduction Plants.
