Page 14 - Steel Metallurgy eMagazine Volume September 2026

GREEN STEEL
REFRACTORY

A GOOGLE GEMINI AI CREATED ILLUSTRATION (The illustration highlights the transformation from conventional steelmaking to low-carbon steel
production, symbolizing innovation, clean energy integration, and the future of the global steel industry.)

will enjoy a competitive advantage in emission steel and are considered global
global markets. Green Steel is no longer a benchmarks for sustainable steelmaking.
Green steel is not yet fully distant aspiration; it is rapidly becoming
"
cost-effective compared to the benchmark for the next generation EUROPEAN UNION:
POLICY-DRIVEN
of industrial development and a critical
conventional steel, but it is enabler of a cleaner, more sustainable TRANSFORMATION
rapidly approaching parity world.
and is expected to become Germany, Sweden, and other EU nations
cheaper by the early 2030s, GLOBAL TRENDS are investing heavily in hydrogen-
especially in India due to IN GREEN STEEL based steel production, supported by
low-cost renewable energy stringent carbon regulations and the
and competitive hydrogen ADOPTION Carbon Border Adjustment Mechanism
(CBAM). European automakers such as
production SWEDEN: THE Mercedes-Benz, BMW, and Volvo are
" GLOBAL PIONEER increasingly procuring low-carbon steel

for their supply chains.
Sweden is leading the green steel
revolution through projects such as United States: DecarbonisationThrough
producers to remain competitive while HYBRIT and Stegra (formerly H2 Green EAF Technology
meeting stringent environmental norms. Steel), which utilize green hydrogen
Companies that successfully integrate instead of coal for iron ore reduction. • United States: Leverages high EAF
green technologies with digital excellence These projects aim to produce near-zero- adoption driven by scrap recycling

12 STEEL & METALLURGY SEPTEMBER 2026