I think you're being too transactional.
The green steel is is more than just a product (not to mention a BETTER QUALITY product that is more rust resistant).
Its a technology spawner, its also a bet on a global shift on green tech and products... it seems fairly clear that golbal political powers are going to start demanding green certifications. (take a look at the EU direction).
China is rapidly heading into being *all about* green products. If Fortescue can provide the *certified* green base product before the other three letter miners can.. Fortescue will be able to dictate more control of the market.
Not to mention the companion techionoloy Fortescue can RnD and license....
This is an investment on a sprouting market, dont underestimate it.
Iron ore price, page-55051
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