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The Green Steel case: The challenge of DRI grade iron ore and potential stranded assets

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With the increase in importance due to potential costs and the induction of Carbon Border Adjustment Mechanism (CBAM) to ramp up green steel production via hydrogen based Direct Reduced Iron (DRI) and Electric Arc Furnaces (EAF), the supply chain does have some challenges to overcome.
Two major challenges arise to slow down green steel production, the availability of DRI grade ore and the issue of stranded BF assets. We dive deeper into both the challenges; see why they hold relevance today and explore potential opportunities to tackle them in order to ramp up green steel production.
Here’s our take at Yamna!

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