FMG 3.09% $17.34 fortescue ltd

Iron ore price, page-53939

  1. 3,636 Posts.
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    Green steel simply to expensive to make.
    Its going nowhere fast. Not one customer has signed up for it just as no one signed up
    for green hydrogen.

    China still building over 4000 new coal power stations. Its all about cheap power for them.
    They also doing solar but far more coal power stations.

    Some countries have worked out how to make cleaner steel without using green hydrogen
    and can do it far cheaper. Rio Tinto found a way to pollute less to make steel too.

    https://www.scientificamerican.com/article/cleaner-cheaper-way-to-make-steel-uses-electricity/

    This from Rio Tinto.
    https://www.riotinto.com/en/news/stories/decarbonising-steel-making



 
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