Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • Green hydrogen
  • Blue hydrogen
  • Storage & Transportation
  • Consumption
  • Strategies & Trends
  • Finance
  • Women in Hydrogen 50
  • Podcasts
Search
Related Articles
Blastr plans €4bn Finnish green steel plant
Norwegian startup aims to begin production by 2026
Air Liquide completes Duisburg pipeline
Connection runs 4km from Thyssenkrupp steel mill to hydrogen network
Muscat turns sights to green steel
Heavyweight investor interest in green steel and bunkering were highlights of Oman’s recent hydrogen summit
Posco pledges $40bn for Australian hydrogen and green steel
The South Korean steel giant aims to produce 1mn t/yr of hydrogen in Australia by 2040
Swedish green steel plant raises further finance
H2 Green Steel has raised a further €70mn in new equity investments, bringing its total to €260mn
Arcelormittal breaks ground on low-carbon steel project
Conversion of Dofasco plant in Canada to DRI-EAF process will eventually see it using green hydrogen to make steel
H2GS launches Brazilian hydrogen and green steel project
Swedish green steel startup partners with Hydro Havrand to explore green hydrogen production in Brazil, amid growing activity in the sector
Thyssenkrupp to invest €2bn in hydrogen DRI plant
German steelmaker plans one of world’s largest hydrogen-powered direct-reduced iron facilities at its Duisburg complex
BMW signs green steel deal
Agreement includes recycling and circular economy measures that will help automaker reduce its carbon footprint
Green steel could reach cost parity by 2050
Use of hydrogen in supply chain and co-location of manufacture with renewables could greatly reduce cost of green steel production, according to Oxford University study
Steelmaking is a carbon-intensive process
Steel
Tom Young
30 June 2022
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Steelmaking with hydrogen faces supply problem – Ieefa

Scarce high-grade iron ore supply is a potential barrier to the widespread use of green hydro-gen in the decarbonisation of steelmaking

The availability of high-grade iron ore is a potential barrier to the uptake of hydrogen in steelmaking, according to a new study from the Institute for Energy Economics and Financial Analysis (Ieefa). There are two main production processes for making steel from iron ore. The most widespread is the integrated blast furnace and basic oxygen furnace process (BF-BOF), in which iron oxide is reduced to iron inside the blast furnace with coke (derived from coking coal) as a reducing agent. The product of this process is then turned into steel in an oxygen furnace. This method was responsible for 73pc of global steel production in 2020. A second method is to directly reduce iron without melting a

Also in this section
BP exits $55b Australian green mega-project
25 July 2025
Oil major cites strategy reset as it walks away from Australian Renewable Energy Hub, leaving partner InterContinental Energy to lead one of world’s largest green hydrogen projects
Hydrogen leakage poses growing threat to green scale-up
23 July 2025
Electrolysis seen as most leakage-prone production pathway as study warns of sharp increase through 2030 and beyond
Ammonia ambitions to help drive gas demand
22 July 2025
The gas-hungry sector is set for rapid growth, and oil majors and some of the world’s largest LNG firms are investing in ammonia production and export facilities, though much depends on regulatory support
Stellantis halts hydrogen vehicle programme
16 July 2025
Major manufacturer cancels rollout of new hydrogen-powered vans and strengthens focus on battery electric and hybrid markets

Share PDF with colleagues

Rich Text Editor, message-text
Editor toolbarsBasic Styles Bold ItalicParagraph Insert/Remove Numbered List Insert/Remove Bulleted List Decrease Indent Increase IndentLinks Link Unlinkabout About CKEditor
COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Rich Text Editor, txt-link-message
Editor toolbarsBasic Styles Bold ItalicParagraph Insert/Remove Numbered List Insert/Remove Bulleted List Decrease Indent Increase IndentLinks Link Unlinkabout About CKEditor
Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search

  • Green hydrogen
  • Blue hydrogen
  • Storage & Transportation
  • Consumption
  • Strategies & Trends
  • Finance
  • Women in Hydrogen 50
  • Podcasts
Search