Lowy Institute this week released a new commentary arguing that China’s steel decarbonisation is likely to proceed through a combination of efficiency improvements, greater scrap use, and gradual electrification rather than a wholesale shift to hydrogen-based steelmaking, meaning Australian green iron demand will emerge more slowly and unevenly than anticipated.
The commentary states that Australia should diversify its green iron strategy beyond a China-centric vision, invest in compatible standards and carbon accounting, and pursue global coordination to help shape lead markets for low-emissions steel.
Read the full commentary: Beyond green iron: what China’s steel transition really means for Australia