The article deals with the H2 consumption for different processing conditions and the composition of the processed pellets during the direct reduction process. The experiments are carried out at 600–1300 °C, with gas pressures of 1–5 bar, gas flow rates of 1–5 L min−1, and basicity indices of 0 to 2.15. Pellets with different compositions of TiO2, Al2O3, CaO, and SiO2 are analyzed. The gas flow rate is crucial, with 0–10 L min−1 leading to an H2 consumption of 0–5.1 kg H2/kg pellet. The gas pressure (0–10 bar) increases the H2 consumption from 0 to 5.1 kg H2/kg pellet. Higher temperatures (600–1300 °C) reduce H2 consumption from 5.1 to 0 kg H2/kg pellet, most efficiently at 950–1050 °C, where it decreases from 0.22 to 0.10 kg H2/kg pellet. An increase in TiO2 content from 0% to 0.92% lowers H2 consumption from 0.22 to 0.10 kg H2/kg pellet, while a higher Fe content (61–67.5%) also reduces it. An increase in SiO2 content from 0% to 3% increases H2 consumption from 0 to 5.1 kg H2/kg pellet. Porosity structure influences H2 consumption, with the average pore size decreasing from 2.83 to 0.436 mm with increasing TiO2 content, suggesting that micropores increase H2 consumption and macropores decrease it.