Jul 7, 2026 – 4.15pmAustralia’s first steel mill to run entirely on electricity is to be built in Newcastle by Ross Garnaut-chaired Greensteel, and will be backed by the federal government as part of its push to develop a low-emissions manufacturing industry.The processing plant, to be built on the home of the disused BHP Newcastle steelworks, involves an initial commitment of $500 million by the firm founded by brothers Mena and Romany Ibrahim, owners of the country’s largest privately owned radiology group.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Greensteel commits $500m to bring steelmaking back to Newcastle
The mill to be built at BHP’s old steelworks will use renewable energy to produce 600,000 tonnes a year of finished steel, with zero direct carbon emissions.
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