Iron ore

The company expects to produce pellets and hot briquetted iron (HBI) in the Port Hedland region

The Australian company Port Hedland Green Steel proposed to implement a large-scale project in the Pilbara region of Australia – an iron ore processing enterprise. Kallanish reports about it with the reference to the Environment Agency of Western Australia.

The project, called the Port Hedland Green Steel Project – Stage 1, is planned to be built in the Boodarie Strategic Industrial Area (BSIA), approximately 10 km south-west of Port Hedland.

The plant will produce pellets for hot briquetted iron (HBI), which will consume about 3-3.5 million tons of iron ore per year. Most of the produced pellets will be directed to the production of HBI. The production capacity of hot-briquetted iron is calculated at the level of 2 million tons per year. The remaining pellets, about 0.7 million tons, will be exported from Port Hedland.

The project also provides capacity for hydrogen production and storage. The total area of ​​the plant will occupy 466 hectares. It is planned to allocate 90 hectares of land for infrastructure development.

As GMK Center reported earlier, Australia expects a decline in profits from raw material exports in the 2023/2024 financial year to 400 billion Australian dollars ($254 billion), due to the slowdown in the global economy, including the weak recovery of China after the quarantine. In the 2022/2023 financial year, it was A$466.7 billion. In the 2024/2025 financial year, the indicator will decrease to 352.3 billion.

In August 2023, Australia increased export supplies of iron ore and pellets by 3% compared to the previous month – up to 71.7 million tons. Shipments to China in this period amounted to 59.1 million tons, which is 3% more than in July. The increase in supplies of Australian raw materials to this country was facilitated by greater purchases of low-grade material by Chinese steel mills.