Australia set to bolster steel ties with China

Decarbonization of industry presents opportunity for high-quality growth

Australian Prime Minister Anthony Albanese on Monday spoke at what he said was "an important discussion between Australian iron ore miners and Chinese steelmakers" in Shanghai, the first stop of his weeklong official visit to China.

Albanese, who was joined by the heads of industry giants BHP, Rio Tinto, Fortescue and Hancock Iron Ore, said the global green goal requiring the decarbonization of steel value chains presents "an opportunity for Australia and China to progress our long-term economic interests".

His words encapsulated how the Australia-China economic relationship, forged through the pillar steel sector, is offering increasing complementarity to become a model for the global green transition to high-quality growth.