Hydrogen, once hailed as a universal climate solution, is facing setbacks in Australia. The South Australian government redirected funds from a hydrogen power plant to rescue the Whyalla steelworks. This move highlights the shift towards utilizing hydrogen in heavy industry, where it can significantly reduce emissions in steel manufacturing and ammonia production. Despite setbacks in large-scale hydrogen projects, the focus on heavy industries presents economic opportunities for Australia to export green commodities like iron and steel, reshaping global supply chains. Industry hubs are proposed as a solution to produce hydrogen near major consumers, cutting transportation costs and increasing efficiency. Challenges such as renewable energy variability and infrastructure costs persist, but government support, including tax incentives and investments in green steel, aims to accelerate the adoption of hydrogen in heavy industries and drive the country towards a greener industrial future.