How Electric Arc Furnaces Transformed Steel and Set the Stage for Green Steel
The Mini Mill Revolution: A 70-year-old disruption story offers crucial lessons as the industry races toward zero-carbon steelmaking The steel industry is experiencing its most significant transformation since the rise of electric arc furnace (EAF) mini mills in the 1960s and 70s. As global steelmakers pivot toward green hydrogen and renewable energy to slash carbon emissions, the foundational technology enabling this transition traces back to a revolutionary business model that Clayton Christensen famously chronicled in The Innovator's Dilemma . Recent developments suggest that mini mills' flexibility and environmental advantages are positioning them to lead the industry's decarbonization efforts. From Disruptive Innovation to Green Steel Leadership The U.S. is the third-largest producer of raw steel worldwide, after China and India, and is ranked sixth in pig iron production. In 2024, the industry produced over 79 million net tons of crude steel. But the p...