Interesting article on green steel demand by 2030. Key takeaways...

Interesting article on green steel demand by 2030. Key takeaways is new DR-grade iron capacity by 2030 ranges from 40 million tonnes per year to an "optimistic high" of 100 million tonnes per year.

Those numbers become mindboggling if you consider magnetite projects take 5-10 years to get into production. Apart from Iron Bridge there aren't any significant developments of late.

It implies the premiums for high grade iron will rise and anyone producing over the next 5 years will be able to take advantage of the supply shortages.

https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/lack-of-high-quality-iron-ore-supply-threatens-steel-s-green-push-70947714