One of Australia's steelworks facilities should be turned into a green iron and steel hub to lead the worldwide race to decarbonise metals.

But using gas rather than renewable energy to fuel production could undermine its potential and cost the government billions of dollars in subsidies, a report warns.

Clean Energy Finance released the advice about South Australia's Whyalla Steelworks on Monday from a report endorsed by The Superpower Institute.

It comes after the steelworks was forced into administration in February and received a $2.4 billion rescue package from federal and South Australian governments, including $1.9 billion to invest in its long-term future.

The 56-page report, called A Strategy for Whyalla, investigated potential outcomes for the facility, including its transi

See Full Page