Green Steel: The Future of Sustainable Steelmaking (2026–32)
The world steel sector is experiencing one of the most radical changes in industrial history - the transition of high-carbon emission, coal-based blast furnace production, to green, low-carbon steelmaking. With carbon neutrality being pursued by both the public and the private sector and the increase in climate regulation policies by regulators worldwide, green steel has become a staple of sustainable manufacturing. In the light of a study by MarkNtel Advisors, the Global Green Steel Market, including sustainable steel manufactured with fewer carbon emissions, was estimated to be valued at about 28.77 billion tons in the year 2025, and is set to be estimated at 54.5 billion tons in the year 2032 with a healthy compound annual growth rate (CAGR) of 14.8 between 2026 and 2032. This blog examines the forces, technological trends, regional forces, and implications of a market that is about to experience a dramatic growth amidst a climate of urgency. What is Green Steel? G...