CONF: Decarbonization to drive structural shifts in global iron ore supply

The global iron ore supply chain is set for structural changes over the next 25 years, as countries around the world step up efforts to decarbonize the steel industry -- a major emitter -- aiming for near-zero emissions by 2050, according to Dr. Liu Yinghao, technical director at the Low Carbon Metallurgy Innovation Center of China Baowu Steel Group Corp.

Iron ore's core position in the ferrous industrial chain may gradually weaken as traditional, carbon-intensive ironmaking processes face increasing challenges, along with the rise of cleaner technologies such as hydrogen-based ironmaking and alternative iron feeds including DRI and steel scrap, Dr. Liu told delegates at the 2025 Ferrous Value-Chain Summit co-hosted