Hydrogen will make green steel undercut the market by when?

A new report out this week from Rethink Energy takes a look at when the steel sector will be able to produce sustainable green steel at a cheaper price than by using traditional coal based methods and allow the industry to safely and economically decarbonize. Two years ago we released our first take on the state of the steel manufacturing industry with our report titled “Green Steel – Hydrogen forecast in the steel sector”. A lot has changed in the energy landscape since then in the form of the Russian invasion of Ukraine, the subsequent natural gas induced energy crisis and the hydrogen industry starting to take shape,  but essentially our conclusions remain the same when it comes to the…