Chinese State-Owned Baowu Group Eyes Western Australia for New Green Facility

In 2020, more than 60 percent of China's iron ore imports came from Australia. This picture shows Fortescue Solomon iron ore mine located in the Valley of the Kings in the Pilbara region of Western Australia. David Gray/Reuters

Chinese state-owned iron and steel company, Baowu Group, has indicated an interest in building a new green steel plant in Western Australia.

During talks with Australia’s Federal Trade Minister Don Farrell in Beijing on May 11, Baowu Group’s chairman Chen Dorong said Western Australia’s availability of clean energy, and ore made the state an ideal site for a new green facility.