Australia, historically a major iron ore exporter, is facing challenges as China's decreasing demand threatens the iron ore trade. To adapt and meet the increasing demand for green steel globally, Australian iron miners are shifting towards green iron production. By utilizing renewable energy sources like green hydrogen, companies aim to reduce carbon emissions in the steelmaking process. South Australia, with its rich magnetite deposits and renewable energy capacity, is leading this transition. The state plans to establish a green hydrogen plant in Whyalla to produce green iron by 2027. This move aligns with the global steel industry's efforts to decarbonize, driven by stricter regulations and the need to achieve net-zero emissions by 2050. Various countries, including Sweden, Canada, and Brazil, are also exploring green iron production methods, signaling a shift towards sustainable steel manufacturing worldwide.