New Delhi, Sept. 10 -- According to a new EY India report, producing steel with green hydrogen currently costs nearly twice as much as using conventional methods.

This cost disparity-driven by green hydrogen priced at approximatelyUS $4-5 per kilogram-makes low-carbon steel production economically unviable in the absence of subsidies or carbon pricing mechanisms.

Despite India's clear ambition to transition toward green steel, adoption has been sluggish due to several overlapping challenges.

Critical infrastructure such as hydrogen storage, distribution networks, natural gas pipelines, and efficient scrap collection systems remain underdeveloped, curtailing scalable green hydrogen-based steelmaking.

However, EY India sees promise on t...