Decarbonizing the Asian steel industries through green Hot Briquetted Iron trade
The Asian steel industry produces 73 % of global steel and is expanding. The speed and plans for decarbonizing the Asian steel sector are thus globally important. Importing green Hot Briquetted Iron (HBI), iron ore reduced to iron with renewable hydrogen, from renewable-rich countries such as Australia, Brazil and South Africa, could be a good option to avoid constraints with access to renewables.