Steel decarbonisation could be accelerated by hydrogen-based steelmaking, but persistent global overcapacity is undermining profitability and slowing investment. Hydrogen-based DRI can sharply cut emissions, yet most planned DRI expansion to 2030 is still designed around natural gas. The report argues that steel decarbonisation will require stronger policy alignment, clearer rules, and careful management of capacity to avoid worsening imbalances. The […]
