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Probably a better article - https://news.mit.edu/2024/mit-spinout-boston-metal-makes-steel-with-electricity-0522
It’s trying to commercialise MIT research. It’s always hard to tell in this early days if that’ll work out or not.
There are many other efforts around the world of low or zero carbon emission steel. Almost none of them are cheap enough to take off unless the cost carbon emissions increases a couple of orders of magnitude.
In many countries with high numbers of cyclers an adult can jump on a bike and cycle along the footpath without a helmet. In Australia you can be fined over $400!