Steel Market Shifts Toward Sustainable and Low-Carbon Production Methods
For over a century, the steel industry has been the backbone of global development, literally. From skyscrapers to railroads, bridges to batteries, steel has built the modern world. But it also left behind a significant carbon footprint. Today, that narrative is rapidly shifting. The green steel market is now a key driver of revenue growth and strategic expansion within the global steel industry. As industries align with net-zero targets and stricter ESG mandates, green steel is produced using low-emission technologies such as hydrogen-based direct reduction and electric arc furnaces. Due to such sustainable steel manufacturing initiatives, the global steel market is growing rapidly, with a projection to attain a revenue of USD 1.92 trillion in the next five years. This shift is not only reshaping the future of steel production but also opening up significant opportunities for innovation, investment, and market diversification across the industrial landscape. Why Stee...