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Rio Tinto and H2 Green Steel join forces to accelerate green steel transition

Thursday, 10 August 2023 11:19:09 (GMT+3)   |   Istanbul

Australia-based miner Rio Tinto has announced that it has signed a multi-year supply agreement with Sweden-based H2 Green Steel to accelerate the transition to green steelmaking.

 According to the agreement, Rio Tinto will supply high-grade direct reduction iron ore pellets from its joint venture Iron Ore Company of Canada (IOC) to H2 Green Steel, while it will purchase and on-sell a part of the surplus low-carbon hot briquetted iron (HBI) produced by H2 Green Steel.

IOC’s direct reduction pellets will account for a significant part of the iron ore supply to H2 Green Steel’s Boden plant in Sweden, which is expected to start operations in 2025.


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