The Green Steel Market refers to the production and use of steel that is made through a process that minimizes or eliminates carbon emissions. Traditionally, steel production has been a major contributor to global carbon emissions, accounting for around 7% of global greenhouse gas emissions. However, with the growing awareness of the need to reduce carbon emissions and mitigate climate change, there is an increasing interest in the development of Green Steel.

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Top Companies

Arcelor Mittal, Deutsche Edelstahlwerke Services, Emirates Steel, Green, Steel Group, H2 Green Steel, Jindal Steel and Power, Tata Steel, Tenaris, Thyssenkrupp, and United States Steel Corp (USSC).

Green Steel is produced using renewable energy sources, such as hydrogen, electricity from renewable sources, or biomass. The main processes used in Green Steel production include direct reduction, electric arc furnace (EAF) and blast furnace. Direct reduction involves using hydrogen or natural gas to reduce iron ore to its purest form, while EAF uses recycled steel and renewable energy sources to melt scrap steel. Blast furnace uses iron ore and coke to produce iron, with carbon capture technology used to capture the carbon dioxide emissions.

The demand for Green Steel is driven by increasing environmental regulations and the growing awareness of the need to reduce carbon emissions. Governments around the world are introducing policies and incentives to encourage the production and use of Green Steel, while many companies are committing to reducing their carbon footprints by using Green Steel in their products.

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