Australia

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Liberty Steel received $41.5 million for decarbonization of its South Australian plant

Funding from the Australian Government will go towards the installation of a new electric arc furnace at Liberty Steel's Whyalla plant

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Coking coal export from Australia in November exceeded 13 million tons

Such an indicator is recorded for the first time in the last 5 months thanks to stable demand in India

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India and Australia will agree on a stable supply of coking coal

The Indian government is also seeking to increase domestic production of this raw material

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Port Hedland Green Steel plans to build a processing plant in Australia

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

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Australia expects a decline in earnings from commodity exports in the 2023/2024 financial year

At the same time, the volume of foreign shipments of iron ore and coking coal will increase

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Australia increased iron ore exports by 3% m/m in August

In August, the country shipped 71.7 million tons of iron ore to foreign markets

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Australia’s steel importers have reservations about introducing a CBAM analogue

The industry association reminds that many countries are already working on the decarbonization of production

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Australia will consider implementing its own CBAM

Consultations on this issue will be held in the country

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BHP mined 257 million tons of iron ore in the 2022/2023 financial year

In the 2023/2024 financial year, the company expects to extract 254-264.5 million tons of iron ore

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Australia predicts decline in iron ore export earnings in FY2023/2024

Revenues from the export of raw materials will decrease due to the slowdown in China's economic growth

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Australia predicts a drop in coking coal prices to $200/t by 2025

In 2023, according to the forecasts of the country's government, coking coal quotes will be at the level of $273/t

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Australia may abandon hydrogen exports in favor of green steel – Sanjeev Gupta

The future of the country may lie in the use of DRI in conjunction with electric arc furnaces

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