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‘Huge risks' and ‘huge opportunities': Sector welcomes focus on green steel in China
‘Huge risks' and ‘huge opportunities': Sector welcomes focus on green steel in China

ABC News

time14-07-2025

  • Business
  • ABC News

‘Huge risks' and ‘huge opportunities': Sector welcomes focus on green steel in China

The Prime Minister has spent much of the day trying to guarantee the future of Australia's critically important exports to China's steel industry, wrapping up a high-level roundtable on green steel in Shanghai. Australian coal and iron ore exports have fuelled China's construction boom and underwritten Australian prosperity for years, pouring hundreds of billions of dollars into the budget. But as China's steel industry moves to decarbonise — as well as diversifying its imports and winding down production — Australia's long resources boom faces an uncertain future. One solution is finding ways that Australian resources companies can help Chinese companies produce "green steel" — that is, steel produced with less carbon emissions. Laura Tchilinguirian spoke with Director of the think tank Climate Energy Finance, Tim Buckley.

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