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The PM Talked up Green Steel. But Is It Even a Thing?

On Monday, Prime Minister Anthony Albanese led a roundtable in Shanghai with Australian iron ore producers and China's largest steelmakers amid his six-day diplomatic tour in China.
The meeting addressed issues arising from China's surplus steel production and the urgent need to reduce carbon emissions within steel manufacturing, a sector responsible for a significant share—between seven and nine percent—of worldwide greenhouse gas emissions.
Albanese discussed Australia's role as the world's largest iron ore exporter supplying about 60 percent of China's iron ore, praised green steel projects by Rio Tinto, BHP, and Fortescue, and stressed enabling policies and collaboration.
He emphasized the importance of supportive policies, significant funding for research to innovate, and partnership among universities, businesses, and government agencies, highlighting the country's commitment to funding and policy adaptation.
The event highlights mutual interest in advancing sustainable steel production to protect Australia's $105 billion iron ore trade with China and address overcapacity, reflecting broader economic and climate commitments.

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ABC Australia

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Sydney Morning Herald

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The PM talked up green steel. But is it even a thing?

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