Green Steel: Today and Tomorrow — GMK Center Almanac Highlights
Green Steel Moves from Concept to Necessity
GMK Center’s almanac emphasizes that green steel is no longer an experimental idea but a strategic response to the steel industry’s high carbon footprint. With steel responsible for a significant share of global CO₂ emissions, decarbonization has become essential for meeting climate targets and maintaining access to global markets.
Key Technologies Driving Decarbonization
The publication outlines the main technological routes toward green steel, including hydrogen-based DRI, electric arc furnaces powered by renewable energy, and carbon capture solutions. GMK Center notes that regional conditions—such as energy prices and infrastructure—will determine which technologies are adopted.
Cost Pressures and Investment Barriers
According to the almanac, high capital costs remain the biggest obstacle to green steel production. Investments in new equipment, clean energy, and supply chains are substantial, while demand for low-carbon steel and willingness to pay a green premium are still developing.
Regulation and Carbon Policies Shape the Market
GMK Center highlights the growing role of government policy in accelerating the transition. Carbon pricing mechanisms, emissions regulations, and instruments like the EU’s CBAM are expected to reshape trade flows and competitiveness in the global steel market.
GMK Center highlights the growing role of government policy in accelerating the transition. Carbon pricing mechanisms, emissions regulations, and instruments like the EU’s CBAM are expected to reshape trade flows and competitiveness in the global steel market.
What the Future Holds for Green Steel
The almanac concludes that the coming decade will be critical for scaling green steel from pilot projects to industrial volumes. Success will depend on coordinated efforts between steelmakers, policymakers, energy providers, and consumers to turn sustainability goals into commercial reality.
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