it takes 10-20 years to make a new tech scalable/approved (policy/health and safety, etc). Take a look at Boston Metals, Primetals Technologies, when did they announce their technology and are they in production/scale? It will take time. By then, half of the steel industry in europe, USA, korea, japan and Saudi, wouldve have their aging blast furnace upgraded to DRI/EAF. India = maybe. Their furnaces are still young but who knows. Here is an article for you:
Green steel: Why this is a make-or-break decade | Spectra (mhi.com)
Not worried
Understanding the demand for Green Steel, page-528
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14.0¢ |
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Mkt cap ! $16.14M | |||
| Open | High | Low | Value | Volume |
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| Last trade - 15.58pm 08/11/2024 (20 minute delay) ? |
| MGT (ASX) Chart |