Fe2o3 + 3H2O2 => 2 Fe + 3 H2O This is not balanced correctly. There are 9 oxygen atoms on the left hand and only 3 oxygen atoms on the right hand. Hydrogen pe

Fe2o3 + 3H2O2 => 2 Fe + 3 H2O This is not balanced correctly. There are 9 oxygen atoms on the left hand and only 3 oxygen atoms on the right hand. Hydrogen peroxide can act as a reducing agent relative to some things, like permanganate anions, but it's an oxidizing agent relative to metallic iron. Hydrogen peroxide cannot substitute for coal or hydrogen in steel production.