Reducing Steel's Carbon Footprint
Green Steel: Industry to Decarbonize as Regulatory Pressure Mounts BLUF: The global steel industry, responsible for 7-9% of direct CO2 emissions from fossil fuel combustion, is pursuing multiple pathways to "green steel" production including hydrogen-based direct reduction, electrification of blast furnaces, carbon capture technologies, and increased scrap recycling. While several pilot projects have achieved commercial milestones in 2024-2025, the transition faces significant challenges including hydrogen availability, energy infrastructure requirements, capital costs exceeding $10 billion for integrated plant conversions, and limited premium pricing acceptance in commodity markets. The Carbon Challenge Steel production released approximately 3.7 billion metric tons of CO2 globally in 2023, making it one of the most carbon-intensive industrial processes. Traditional blast furnace-basic oxygen furnace (BF-BOF) steelmaking, which produces roughly 70% of global crude steel,...