"As companies reconfigure their assets, they could also consider rearranging steel value chains across regions, potentially in the form of green-steel hubs. These hubs could come in a number of forms, but one option would be to create “green iron” hubs that decouple ironmaking from the production of raw steel. This could allow both processes to be optimally located: DRI production could be located in regions with favorable access to low-cost natural gas or hydrogen and iron ore, and raw-steel production could be located in regions with favorable access to renewable energy. The iron that is produced could be shipped between regions in the form of HBI for easier long-distance transport to EAF steel mills."
That sentence in BOLD is basically MGT.
MGT Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
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