Ferrexpo, a significant player in the steelmaking industry, is exploring the utilization of green hydrogen to produce direct-reduced iron (DRI) with the objective of revolutionizing the sector. Although the company acknowledges the risks associated with heavy investments in hydrogen during wartime, it remains committed to understanding and leveraging the benefits of hydrogen in its production processes. Ferrexpo anticipates incorporating hydrogen in its pelletizer process over time, signaling its proactive stance towards sustainability and decarbonization. Despite challenges such as a potential shortage of high-grade iron ore, Ferrexpo is confident in its ability to navigate such hurdles, given its substantial reserves. The company's recent quarterly performance has been commendable, showcasing growth and resilience despite the operational challenges post the Ukraine-Russia conflict. Market dynamics, including fluctuating iron ore prices and evolving demand trends, pose additional challenges for Ferrexpo, but the company is steadfast in its pursuit of sustainable steelmaking practices. By emphasizing the importance of green iron and steel premiums driven by carbon emissions and provenance, Ferrexpo aims to support the transition to lower-carbon steel production in Europe, the Middle East, and North Africa. The company's strategic investments and focus on adopting green technologies highlight its dedication to environmental responsibility and industry leadership.