India, Oct. 27 -- The global steel industry is navigating a pivotal and capital-intensive transition towards decarbonization. While technological innovation in hydrogen-based and electric ironmaking remains critical, the focus has sharpened on the demand-side dynamics that make this transformation financially viable. Proactive offtakers in key sectors like automotive and construction are moving beyond passive procurement to actively shape the market, providing the bankability required to build the green steel plants of the future.

This article is based on research from IDTechEx's "Green Steel 2025-2035: Technologies, Players, Markets, Forecasts" report, which provides in-depth analysis of this evolving landscape, revealing how purchase c...