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
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
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
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
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
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
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
Australia will consider implementing its own CBAM

Consultations on this issue will be held in the country
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
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
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
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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