Segregation of granular materials is a critical phenomenon in various industries, such as food processing, pharmaceuticals, and mining. The Discrete Element Method (DEM) is an effective tool for gaining insight into granular segregation by providing particle-level information and the freedom to model mixtures that are often difficult or impossible to achieve through experiments. To ensure realistic material behaviour and correct representation of segregation, it is essential to calibrate the model parameters systematically. However, in the context of multi-component segregation, it is extremely challenging and computationally expensive to consider all parameters in the calibration procedure since interaction parameters between components must also be considered. This work aims to identify the dominant DEM parameters for modelling multi-component segregation during hopper discharge, chute flow and heap formation in a mixture of pellet and sinter. Utilising a representative example of a multi-component mixture with different sizes, densities and shapes used in blast furnaces, the investigation is done for various initial configurations as well as various mass ratios of the mixture. Our findings revealed that, while only particle-geometry interaction parameters dominate the segregation after the hopper and chute flow, particle-particle parameters are also significant for segregation in the heap. We also demonstrated that the downstream segregation is significantly influenced by the segregation upstream. Moreover, we found that the effect of pellet-sinter interactions is negligible. This research provides insights into the dominant DEM parameters, facilitating more efficient and robust calibration of multi-component models in future research endeavours.