EU tightens curbs on Russia-linked steel trade Russia-linked steel trade faces tighter curbs Infrastructure demand boosts rebar consumption China expands steel derivatives market
India’s steel sector may be entering a major turning point as record-low green hydrogen prices improve the case for cleaner steelmaking. A recent green hydrogen tender discovered a price of ₹279/kg, strengthening hopes that hydrogen-based direct reduced iron, or H₂-DRI, can compete with coal-based steel in the coming years.
This shift matters because India’s steel expansion is still heavily dependent on imported coking coal. As steel demand rises for highways, railways, housing, renewable energy and industrial projects, continued reliance on coal could expose producers to high import bills, price volatility and carbon-related trade barriers.
Green hydrogen offers an alternative route. In H₂-DRI steelmaking, hydrogen replaces coal to reduce iron ore, producing water vapour instead of high carbon emissions. With India’s renewable energy strength and existing DRI experience, the country has a strong base to scale green steel production.For steelmakers, the opportunity is not only environmental but also economic. Cleaner steel could improve export competitiveness as global buyers and regulators focus more on carbon intensity. If supported by long-term offtake agreements, clean power access and government procurement, green hydrogen could become a key driver of India’s future steel growth.
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