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UNSW research scientist and a former podcast guest of Talking Architecture & Design Veena Sahajwalla has been named NSW’s Australian of the Year for 2022.
Iron ore makes up 39 per cent of Australia's exports but China is introducing new rules so it is less reliant on the commodity used to make steel. Record prices and volumes may not last.
China wants manufacturers to use recycled steel instead of Australian iron ore Steel commodity iron ore in March made up 39 per cent of Australia's exports A record $14billion worth of iron ore was exported last month - up 21.7 per cent Commonwealth Bank commodities expert Vivek Dhar is worried for Australia UNSW's Professor Veena Sahajwalla invented recycled steel technology
MacroBusiness Access Subscriber Only Content Global Mining Research has a nice primer on the emergence of green steel. Green Steel – The production of steel is one of the most polluting industries from a CO 2 perspective, representing in the order of 8% of global emissions. For the miners ESG reporting has never been as relevant and for an iron ore or coal company this is critical as investors examine Scope 3 emissions (the result of activities commodity-purchasing organisations undertake). The concept of Green Steel is to replace the use of coke (and thereby coking coal) as a reducing ag...
Australia's iron ore exports to China are expected to crash in coming years - and it has nothing to do with the trade war. The commodity used to make steel is by far Australia's biggest export with $12.5billion worth of the material sold overseas in December alone, as monthly sales to China rose 21 per cent. Iron ore prices have also more than doubled since April last year, as China bought substantially more from Western Australia's Pilbara region to drive its Covid recovery. Despite that, Oxford Economics is forecasting a sharp drop in iron ore exports from later this year as China seeks to ...