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BHP, Rio, and BlueScope Steel are teaming up to develop Australia's first electric-smelting furnace for steel production, aiming to reduce emissions. A feasibility study is underway, with a potential pilot facility in 2027.
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How might this collaboration affect the competitive landscape in the steel industry?
How will the development of the electric-smelting furnace impact the steel industry?
What are the potential economic benefits of reducing steel-making emissions?
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