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AAP
AAP
Business
Marion Rae

INSANE: Electric melter fires decarbonisation in global steel | Rare Historical Photos

Three major Australian companies are working together for a 'profound' change in steel production. (Dean Lewins/AAP PHOTOS)

Two of the world's biggest iron ore producers and Australia's biggest steelmaker are joining forces to slash the carbon footprint of steel with a new type of furnace.

BHP, Rio Tinto and BlueScope pledged on Friday to work together on the country's first iron-making electric smelting furnace (ESF) pilot plant.

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