DryFlow Magnetics, an Australian company, is launching a commercial pilot at an iron ore mine in South Australia using magnetic technology to extract higher-grade iron ore for green steel production. This technology aims to reduce water usage by 95% and cut emissions by 90% compared to traditional steelmaking processes. With government support and investment in the industry, the company plans to scale up its technology to process 200 tonnes of material per hour, making Australia a dominant supplier of high-purity iron for green steel production.