Abstract
To reach net zero, the world— Canada included – will need a lot more product from one of its most emissions-intensive industries: steel. Bloomberg projects 1.5 billion tonnes of additional steel worldwide by 2050 for Electric vehicles, wind turbines, transmission towers and the energy transition’s companion infrastructure. Green steel – or lower to no carbon steel – output is wholly dependent on its inputs. With current technologies, one process of producing green steel requires a higher purity of iron ore – what is known as Direct Reduced-grade (DR-grade) iron ore. Fortuitously, Canada is blessed with iron ore deposits that can be converted to DR-grade iron ore products. Recognizing Canada’s potential, and what’s needed to unlock this nationally strategic asset, is key to success. Come listen to Iron Ore Company of Canada President and CEO Mike McCann and Public Policy Forum CEO Ed Greenspon discuss the opportunity for Canada to become an upstream anchor for the green steel revolution.