Iron ore quality a potential headwind to green steelmaking IEEFA
To avoid locking in further coalbased steelmaking capacity for decades, some technology switching to DRIelectric arc furnace (EAF) processes will be required before 2030 to achieve net zero by 2050. Agora Industry has already tracked 59Mt of new DRI capacity announcements since 2019, requiring about 80Mtpa of iron ore if all proceed.