And here's the natural next step:
https://www.sei.org/about-sei/press-room/green-steel-projects-move-beyond-europe-to-asia/
Western Australia, where the thing in the OP is happening, is basically solid iron ore (which we currently ship to China), is almost always sunny (and when it's not, it's windy), and already has all the infrastructure to transport all the raw materials needed to make steel using hydrogen produced by renewables.
Why not make the steel here and sell that to China? 🤷♂️