According to a recent investor survey, a majority of investors in the steelmaking industry highlighted the importance of transitioning to 'green steel' produced using green hydrogen and renewable energy. The survey revealed a consensus among investors that effective climate policies are essential for the future of steelmaking, with 81% defining green steel as reliant on green hydrogen and rejecting fossil fuel-based production methods. There is a growing trend towards electrification and decarbonization in the industry, with calls for government incentives to attract renewable energy development. The survey also found support for 'green iron corridors' from countries like Australia, leveraging green hydrogen to produce green iron pellets for steelmakers internationally. The report highlighted the decreasing confidence in the long-term prospects of metallurgical coal, signaling a shift towards cleaner technologies in steel production. Despite some skepticism in certain regions like India, there is overall enthusiasm for transitioning to greener steelmaking processes. Furthermore, the survey emphasized the need for governments to facilitate the industry's transition by removing barriers and implementing frameworks that support emission reduction technologies. Recent announcements in Australia, such as the Gladstone green hydrogen project, indicate a commitment to advancing green iron and steel production. The country's significant investments in renewable hydrogen projects position it as a key player in the global transition towards cleaner steelmaking. Export partners are keen to receive Australia's green hydrogen, indicating a promising outlook for the future of the industry.