Intermediate product exports for Australia-China green steel

The Challenge

The current iron and steel value chain accounts for over 7% of global CO2 emissions. The demand for Green Iron and Steel will be driven by the need for global iron ore producers and steelmakers to reduce this impact. The challenge is the recognised costs of the alternative processes and if demand for green products will support these costs.  

Proposed Solution

The project will result in the development of an open source optimization model for intermediate product exports, focused on the supply of green steel to China, two HILT CRC reports with economic and LCA modelling results, a non-technical synthesis report and a workshop for the presentation and discussion of these products. The results will show the mix of Australian ores in various technology scenarios for green steel in China and the impact on the economics of production and inputs costs between Australia and China.

Proposed Benefits to WA

The assessment of intermediate product exports will provide a basis for future strategic decision making, and assist policymakers in understanding viable leverage points to improve the preconditions for this industry in Australia. If successful, the benefit to HILT-CRC will be a clear business case for investing in new (and specifically green) steel infrastructure in Australia, with a degree of confidence that such infrastructure will have a feasible long-term competitive market position.

Financial Assistance DOI

DOI: 10.71342/017161370721