Rathi Steel bags GreenPro certification for Fe 550 TMT rebars JSW Steel, POSCO form JV for 6 mtpa Odisha steel plant Global steelmakers still far from green transition CISA flags EU CBAM risks for Chinese steel exports
A fresh assessment of 18 major steelmakers operating across 29 countries shows the global steel industry is still far from a meaningful green transition. The review found that none of the companies assessed is currently ready to shift to near-zero-emissions steel production, underlining the gap between climate pledges and real-world action.
The findings highlight that coal dependence continues to dominate steelmaking, while progress in scaling cleaner technologies such as green iron, renewable-powered production, and low-emission processes remains limited. The report adds to growing concern around decarbonisation in one of the world’s most carbon-intensive industries.
For the steel sector, the message is clear: long-term net-zero commitments alone are not enough. Producers will need faster investment in cleaner energy, low-carbon process upgrades, and commercially viable green steel pathways to meet future regulatory, export, and sustainability pressures. The report also comes as India pushes to reduce steel-sector emissions while expanding capacity, showing the balancing act facing major producing nations.
Also Read : Automobile exports from India dip 5.5% in FY24 India’s steel imports may drop by 50% in FY25/26 due to safeguard duty – ICRA
Steel Authority of India opened a new tab and reported a nearly 3% drop in fourth-quarter profit on...
Mid Corporate 21-May-2024
The European Union has struck a provisional deal to tighten steel import rules and give local produc...
Europe 14-Apr-2026
Taking significant strides towards unlocking the potential of critical and deep-seated minerals, the...
Press Releases 15-Mar-2024
The Japan Iron and Steel Federation (JISF) has denounced the European Union’s move to impose f...
Construction 01-Oct-2025
Auto parts manufacturer Rane (Madras) Ltd (RML) is set to establish a greenfield facility in Aguasca...
Mid Corporate 27-Jan-2024
The Mangaluru City Corporation (MCC) will shortly provide an action plan outlining how it will use t...
Announcement 19-Feb-2024