A recent report released by WWF-Australia highlights the need for Australia to transform its iron and steel industry towards sustainability. The report emphasizes the environmental and economic risks of solely relying on petroleum and raw material exports, urging a shift towards decarbonisation. Recommendations include a $10 billion domestic support package for green iron projects and workforce development, aiming to align with global efforts to combat climate change. The potential for green iron plants to significantly reduce emissions is underscored, with a call to produce iron where renewable energy and low-emission hydrogen are abundant. The push for decarbonisation aligns with global initiatives like the EU's carbon border adjustment mechanism, driving steel makers worldwide to embrace sustainable practices. The industry is witnessing a transition towards low-carbon technologies, with notable projects such as H2 Green Steel in Sweden leading the way by leveraging green hydrogen for steel production. The article also touches on concerns regarding the suitability of Australian iron ore for low-carbon technologies, prompting a reevaluation of ore sources. Investments in renewable energy for electric arc furnaces by established steelmakers like Thyssenkrupp and ArcelorMittal indicate a broader industry trend towards sustainability. Additionally, the US's significant pledge towards green steel projects reflects a growing global commitment to reducing emissions from factories, signaling a transformative era for the steel sector.