UK steel users warn of higher costs South Korea seeks EU steel tariff relief Vale sees strong long-term iron ore demand India rejects steel overcapacity allegations
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.
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