An investor survey indicates a growing consensus among investors on the need to transition the steelmaking industry towards 'green steel' production by utilizing green hydrogen and renewable energy sources. The majority of respondents view effective climate policies as essential for achieving this transition, emphasizing that 'green steel' cannot be produced through the burning of fossil fuels. Investors are actively lobbying governments for incentives to promote renewable energy development in the steelmaking sector. Additionally, there is a clear rejection of projects that rely on fossil fuel-derived hydrogen or emissions offsetting. The survey also suggests a shift away from metallurgical coal in the next decade, with a focus on genuine emissions reduction technologies such as green hydrogen-based iron-making and electric arc furnaces. Even investors in China, a major steelmaking region, show a lack of confidence in the long-term role of metallurgical coal. The report proposes the concept of 'green iron corridors' to facilitate the production and transportation of green iron, leveraging green hydrogen to convert iron ore into pellets for steelmaking. While some investors express concerns about market demand for green production in countries like India, Australia remains committed to green initiatives. Projects like Fortescue's green iron project in Western Australia and the Gladstone green hydrogen project highlight Australia's progress in the renewable energy sector. The government's support, including the provision of production tax credits, indicates a positive outlook for Australia's role in green steel and iron production on a global scale.