Page 16 - Steel Metallurgy eMagazine Volume September 2026

REFRACTORY
GREEN STEEL

renewable energy, and leveraging scrap "
utilization to support rapid growth
By 2035, green steel is sustainably. India has a strategic
"
projected to be cheaper than While Europe is currently at the forefront advantage due to abundant
blast-furnace steel, thanks of commercial green steel deployment, renewable energy and
to declining hydrogen and India possesses a unique opportunity to relatively low hydrogen
renewable energy costs emerge as a global leader by leveraging its production costs compared
" green hydrogen infrastructure, and "
to Europe
renewable energy potential, expanding
modernizing steel production. The
transition to green steel is not merely
and clean energy incentives to cut an environmental imperative but a
emissions.Investments under clean strategic business opportunity that will
energy programs are accelerating further redefine the competitiveness of nations CURRENT COST COMPARISON
adoption. and industries in the decades ahead. As
global markets increasingly prioritize * Conventional steel (BF-BOF
CHINA: SCALING GREEN low-carbon materials, green steel is route): Around US$536
STEEL INITIATIVES poised to become the new standard for per tonne in India by 2030.
sustainable industrial development. * Green steel (H₂-DRI/EAF route):
As the world's largest steel producer, Around US$562 per tonne
China is investing in low-carbon While challenges such as fluctuating in 2030 — about 5% higher than
technologies, enhanced recycling, raw material prices, carbon regulations, conventional steel.
energy efficiency, and hydrogen-based and green hydrogen availability
steelmaking pilot projects to meet its remain, the steel industry's future is
carbon neutrality goals. increasingly aligned with sustainability
and technological advancement.
INDIA: EMERGING Organizations that seamlessly blend
GREEN STEEL HUB green production, recycling, and digital (The Author of this story is an
innovation will dominate the next era of Adviser on the Editorial Board of Steel
India, the second-largest steel producer industrial expansion. Steel is no longer & Metallurgy, based In Visakhapatnam
by reach us on WhatsApp 98481
globally, positions itself as an emerging just a structural building block—it is 89378).
green steel hub through the National the foundation of sustainable global
Green Hydrogen Mission, expanding progress.

14 STEEL & METALLURGY SEPTEMBER 2026