Australia's steel industry is undergoing a groundbreaking transformation with the NeoSmelt project, a collaborative initiative between BlueScope, BHP, Rio Tinto, and Woodside Energy. The project aims to develop Australia's largest ironmaking electric smelting furnace (ESF) pilot plant in the Kwinana Industrial Area, near Perth, to revolutionize steelmaking using low-carbon technology. The pilot plant will utilize direct reduced iron (DRI) technology to produce molten iron, starting with natural gas and transitioning to hydrogen to achieve lower emissions. With the potential to demonstrate near-zero emissions steelmaking, the project could ensure the longevity of Australia's iron ore industry while contributing to global decarbonization efforts. The decision to select Kwinana as the project location was influenced by its strategic transport logistics, existing infrastructure, and a A$75 million contribution from the Western Australian Government. The pilot plant, expected to produce 30,000 to 40,000 tonnes of molten iron annually, is scheduled to commence operations in 2028, pending feasibility studies and investment decisions. Key stakeholders, including government officials and industry leaders, have expressed optimism about the project's potential to create jobs, promote renewable energy, and position Western Australia as a hub for sustainable steel production. The collaboration of major players in the steel and energy sectors underscores a commitment to driving innovation and reducing carbon emissions in the steel industry.