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Title: The Rise of Cross-Industry Partnerships Driving Large-Scale Investments in Hydrogen-Based Green Steel

Pune, Maharashtra, India, 24th Jun 2025 - The Green Steel Market focuses on producing steel using environmentally sustainable technologies to reduce carbon emissions significantly. Traditional steel production is energy-intensive, relying heavily on coking coal, which leads to high levels of CO2 emissions.In 2025, the green steel market is experiencing significant growth as countries across the globe strive to decarbonize an industry known for its high carbon emissions. Within Europe, nations such as Germany and Sweden are at the forefront of transforming their steel production methods, moving away from traditional coal-powered blast furnaces in favor of electric arc furnaces (EAFs) that utilize renewable energy sources. Considerable investments are being directed toward green hydrogen-based direct reduction of iron (H-DRI), with multiple projects expected to commence production in the next few years. However, some of these initiatives face delays or restructuring due to high energy costs and uncertainties surrounding the development of hydrogen infrastructure.For complete scenario on green steel market visit: https://marksparksolutions.com/reports/green-steel-marketMeanwhile, China has achieved a notable advancement by initiating one of its first large-scale H-DRI plants, which reflects the nation's strong commitment to the adoption of green steel technology. In the Middle East, countries like Saudi Arabia and the UAE are seizing the opportunity presented by low-cost solar energy and natural gas to establish green steel production hubs, aiming to cater to export markets influenced by carbon regulations, such as the EU's Carbon Border Adjustment Mechanism (CBAM).In North America, innovation is being spurred by emerging startups focused on developing electrolysis-ba...

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