The BHP Newcastle steel mill shut down 25 years ago.

Long before clean energy was a thing .

https://en.wikipedia.org/wiki/Newcastle_Steelworks

Now Australia is presented with a new globally competitive alternative. All thanks to Australia's large clean energy resource.

Iron ore giants’ green steel collaboration leaves carbon capture even further behind

With Rio Tinto, BHP and BlueScope Steel announcing they are now working together on making Pilbara iron ore suitable for direct reduced iron (DRI) processes that don’t use coal, it is becoming even clearer that carbon capture utilisation and storage (CCUS) will not play a meaningful role in steel decarbonisation. BHP and Rio now also have even less reason not to set measurable Scope 3 emissions targets.

The steel technology transition away from coal is accelerating with global steelmakers increasingly turning to scrap steel recycling and DRI as alternatives to blast furnaces.

The DRI-electric arc furnace (EAF) steelmaking pathway using gas is a mature and established technology in places like the Middle East that don’t have coal reserves. DRI technology providers have made clear that their equipment is compatible with a switch from gas to green hydrogen, providing a route to near-zero emissions steelmaking.

https://reneweconomy.com.au/iron-ore-giants-green-steel-collaboration-leaves-carbon-capture-even-further-behind/