[BHP Sees Blast Furnace Decarbonisation as Key Steel Pathway]

Published: Jul 3, 2026 13:30

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BHP said blast furnace decarbonisation remains crucial as over 70% of global steel output still uses the BF-BOF route. The company noted that EAF and DRI expansion faces scrap supply and iron ore quality constraints, while BF emissions can be reduced through recycling, hydrogen injection, CCUS and higher-grade raw materials. With new integrated steel plants costing around 4 billion USD and 85% of China and India’s BF capacity less than 20 years old, full replacement remains difficult in the near term.

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