The global green steel industry faces a critical raw material shortage as demand for high-grade iron ore surges. Fifty-four direct reduced iron projects are announced worldwide, requiring iron ore pellet supply to nearly quadruple from current levels. Forecasters warn of a supply deficit exceeding one hundred and thirty million metric tons by 2040. Experts say long-term partnerships between steel producers and iron ore miners are now essential to prevent this shortage from derailing the entire green steel transition.