The global metallurgical industry is focusing on environmental sustainability, and Europe is leading the way in the production of green steel. In recent months, major companies like SAAB, ArcelorMittal, and Voestalpine have successfully delivered the first large-scale shipments of metal products produced using hydrogen technology.
For example, SSAB has confirmed that their green steel is already being used in the automotive industry — Swedish automaker Volvo was the first to incorporate it into truck production. This demonstrates the growing demand for environmentally friendly metal products among industry giants seeking to reduce their carbon footprints.
Manufacturers expect that the next few years will be a pivotal moment in the transition from coal-based to hydrogen-based metallurgy. While this transition presents challenges, it also opens up new opportunities for the market.