In the coming years, we anticipate an increased push for green steel production, largely due to political pressures.

Governments worldwide are under fire to reduce their countries’ impact on the environment; the most likely outcome of this development is increased regulations on large greenhouse gas emitting industries.

Whether it is carbon taxes, R&D support/rebates, or increased environmental regulations on new installations, it’s inevitable that we will see a new steel production method that creates fewer greenhouse gasses.

Increasing green steel manufacturing also has broader implications for the energy sector, since the demand for green electricity will increase significantly.