![]() The global steel sector is still largely focused on existing coal-consuming blast furnace operations, giving iron ore miners an incentive to continue producing blast furnace-grade iron ore, rather than ores with higher iron content used for direct reduction (DR-grade). ![]() ![]() Such a shortfall could handicap a faster switch to DRI technology this decade as well as delaying longer term targets to significantly ramp up DRI operations to reach net-zero emissions targets by 2050. However, insufficient supply of suitable iron ore is a potential challenge to a global shift towards zero-emissions DRI processes. Switching from blast furnaces that consume coal to green hydrogen-based direct reduced iron (DRI) processes is widely considered a key step in the global steel sector’s decarbonisation pathway.
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