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, /PRNewswire/ -- The global sinter plant market size is estimated to grow by .30 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 10.

08% during the forecast period. Improvement in sinter technology is driving market growth, with a trend towards improving power supply infrastructure. However, growing popularity of eaf route poses a challenge.



Key market players include China BaoWu Steel Group Corp. Ltd., China Metallurgical Engineering and Project Corp.

, China Minmetals Corp., CTCI Corp., General Electric Co.

, Gillanders Arbuthnot and Co. Ltd., Hitachi Ltd.

, IMASA INGENIERIA Y PROYECTOS SA, Kanikavan Shargh Engineering Co., Larsen and Toubro Ltd., McNally Bharat Engineering Co.

Ltd., MECON Ltd., Metso Outotec Corp.

, Nippon Steel Corp., Perantech GmbH, Primetals Technologies Ltd., Shandong Province Metallurgical Engineering Co.

Ltd., Shandong Qingneng Power Co. Ltd.

, Siemens AG, and Simplex Engineering and Foundry Works Pvt. Ltd..

Get a detailed analysis on regions, market segments, customer landscape, and companies- The BF-BOF method for steelmaking is traditionally preferred due to its lower energy requirements compared to the EAF process. However, recent advancements in power generation technologies and increased power capacity have led to a surplus of electricity in price-sensitive countries like , , and . This surplus electricity, coupled with the increasing share of renewable energy in the global electricity mix, may make .

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