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28 Jun
14:14

DR-grade ore shortage could hamper green steelmaking: IEEFA

The shortage of high-grade iron ore could handicap a faster switch to direct reduced iron technology this decade and delay longer-term targets to significantly ramp up DRI operations to reach net-zero emissions by 2050. So says the Institute for Energy Economics and Financial Analysis (IEEFA) in a report seen by Kallanish. The global steel sector is still largely focused on existing coal-consuming blast furnace operations, incentivising iron ore miners to continue…
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