Steel industry sounds alarm over slow progress on green steel

The article highlights increasing concern within the global steel industry about the slow transition to “green steel,” which has lower carbon emissions. Industry representatives warn that many projects are being delayed and that government funding is far below what is needed to significantly reduce emissions.
According to the World Steel Association, about half of planned projects have already been postponed due to financial constraints, weak demand, and limited access to green hydrogen. Despite the urgency, customers are often unwilling to pay higher prices for cleaner steel, making it difficult for companies to invest in sustainable technologies.
This slowdown is particularly worrying because steel production accounts for 7% to 9% of global emissions. Meanwhile, new investments in traditional coal-based methods continue, especially in Asia, which could lock in high emissions for decades. Experts emphasize that stronger government action and increased market demand will be key to accelerating the transition.