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

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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 bil

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