Understanding the demand for Green Steel, page-530

THis article cant come at a better time.

The three phases to green steel production | Spectra (mhi.com)



Meanwhile, new technologies are emerging at an auspicious time. With about 70% of all BFs worldwide requiring relining by 2030, producers have a near-term opportunity to shift toward two key innovations: direct reduction of iron ore (DRI) and electrification.The MIDREX direct reduction process has gained traction worldwide as a leading DRI process, with immediate benefits for the reduction of CO2 and the production of high-quality merchant hot-briquetted iron (HBI). "

To cut things short, these people are going to rush to secure supply and the last 3 phases needs high quality ore. The BF-BOF is only going to probably going to be used in india for another 5-10 years before they realize that no european/asian countries are buying their raw steel due to carbon tax/penalties, etc.

I hope Gemma and team have a good update for us!! WOOHOO