WHAT IS GREEN STEEL AND WHY DOES IT MATTER?

Green steel is steel that’s made with electricity from non-fossil fuel sources, instead of coal, which gives it a much lower carbon footprint. Nunavut’s high-grade iron ore is of such pure quality, there is no chemical processing, no tailings, and no use of process water. We mine it, crush it and ship it. That makes it more energy-efficient, and ideal for producing green steel.

Iron ore itself does not contain carbon or any other greenhouse gases. Carbon dioxide is created when coal-fed blast furnaces are used to make steel. That’s why steel-makers are now switching to cleaner energy options, like hydrogen. Major automakers, including GM, Volvo and Mercedes, have also pledged to become carbon neutral by 2040. Which means green steel, made from high-grade iron ore, is in great demand.

Steel is used in everything from bridges and buildings, to cars and consumer goods. The steel-making industry is responsible for about 11% of global greenhouse gas emissions. That’s why the shift to green steel, using highgrade iron ore, is so critical. And it places Nunavut and Baffinland at the centre of the clean energy shift.