Vale, a Brazilian multinational mining company, and Green Energy Park (GEP) have entered into a strategic partnership to bring decarbonization solutions to the global steel sector. The collaboration will involve conducting feasibility studies for establishing a green hydrogen production unit in Brazil to cater to a future Mega Hub, an industrial complex focused on producing low-carbon steel products within the country. By offering a platform open to international partnerships, the alliance aims to enable global steel companies to acquire and manufacture hot-briquetted iron (HBI) in Brazil, thereby propelling the growth of the low-carbon steel industry. Ludmila Nascimento, Vale's Vice President of Energy and Decarbonization, highlighted Brazil's advantageous position in terms of high-quality iron ore and abundant renewable energy resources, which will be leveraged to develop a sustainable supply of green hydrogen. This initiative will facilitate the provision of 'green' HBI with superior value to European steel mills, aligning with efforts to combat climate change. Nascimento emphasized Vale's role in driving the 'neo-industrialization' of Brazil by promoting a transition to a low-carbon economy. The article underscores the environmental benefits associated with utilizing HBI produced through green hydrogen processes. Traditional blast furnaces release two tons of carbon dioxide per ton of steel produced, whereas using HBI derived from green hydrogen in electric arc furnaces results in a significantly lower emission rate of 0.4 tons of CO2 per ton of steel. This shift towards sustainable steel production signifies a crucial step in reducing the industry's carbon footprint and advancing towards a more environmentally friendly manufacturing process.