[Greensteel Australia backs new electric mill in Newcastle with $500m]

Published: Jul 9, 2026 16:30

Save

Greensteel Australia plans to build Australia's first fully electric steel mill in Newcastle, with initial investment of $500m at the former BHP steelworks site. The plant aims to start operations by January 2028 and employ over 200 workers. It will use electric induction furnace technology powered by renewable energy to achieve zero direct carbon emissions, manufacturing up to 600,000 tonnes of finished steel annually for domestic construction and energy sectors. The federal government supports the venture via its Future Made in Australia initiative. Initially the mill will process steel slabs from Southeast Asia, with later phases expanding into local clean iron production.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Common.Time.minsAgo

[Brief Commentary on China's Iron Ore] Liaodong Regional Market Prices Set to Remain Stable in Short Term

Common.Time.minsAgo

[SMM HRC Daily Trading] Spot trading moved sideways.

[SMM HRC Daily Trading] On July 9, the total daily HRC trading volume of sample enterprises in SMM’s four cities (Shanghai, Lecong, Tianjin, Ningbo) was 13,120 mt, down 490 mt, or 3.9% DoD, down 22.5% YoY (Gregorian calendar), and down 0.15% YoY (lunar calendar).

Common.Time.minsAgo

[SMM Steel]

[Sheets & Plates] Today, the export prices of HRC and other sheets & plates remained stable day-over-day, with HRC transaction prices ranging from $489-497/mt. Market inquiry performance was moderate today, eased slightly compared to yesterday. The price spread advantage of semi-finished products weakened, and some traders also began to reduce their attention to related varieties.

Common.Time.minsAgo