Understanding the demand for Green Steel, page-68

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Lack of high-quality iron ore supply threatens steel's green push

A shortage of high-quality iron ore in the marketplace presents a significant hurdle for steelmakers who are trying to reduce their carbon emissions.Green hydrogen-based technologies use less carbon to produce steel, but the process requires higher iron ore grades than traditional blast furnaces. A dearth of ore with an iron content above 65%, combined with a shortage of mining projects in the pipeline, could disrupt the steel industry's climate goals, the Institute for Energy Economics and Financial Analysis, or IEEFA, concluded in a new report.