Australia’s iron ore export fortune is at risk unless it acts fast to produce green steel domestically. With global demand for low-carbon steel surging, Australia—world’s top iron ore supplier—could lose its $120 billion market if it doesn’t lead the charge. The report reveals green steel isn’t just eco-friendly; it’s a strategic economic play. While hydrogen-based methods face hurdles, proven tech like renewable-powered electric arc furnaces can be deployed quickly across WA, SA, and QLD. The bottleneck? Big steelmakers aren’t stepping up—green steel ventures are start-ups needing investment. The fix? Government action: grants, loans, and a carbon border tax to level the playing field. The tech, the resources, and the jobs are ready—now it’s time for bold, decisive action.
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