Steel is not the only thing produced when Australia’s most lucrative export commodity, iron ore, is combined with Australia’s third most lucrative export commodity, coking coal, at high temperatures.
Even if the process is powered by renewables, carbon dioxide forms when the oxygen in iron ore mixes with the carbon in coking coal, putting steelmaking firmly in the “hard to abate” category.
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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com