Top Green Steel Companies

Global Green Steel Market size was valued at USD 2.65 Billion in 2023 and is poised to grow from USD 4.12 Billion in 2024 to USD 140.87 Billion by 2032, growing at a CAGR of 55.5% during the forecast period (2025-2032).

Green steel companies should focus on increasing the production capacity of their facilities to meet the rising demand. Collaborations with end-use industries such as automotive and construction can also help widen the scope of application for green steel suppliers. Taking advantage of government initiatives and incentives can maximize profits for companies as per this global green steel market analysis. 'ArcelorMittal', 'China BaoWu Steel Group Corporation Limited', 'Emirates Steel Arkan', 'Nippon Steel Corporation', 'Nucor Corporation', 'Liberty Steel Group', 'Outokumpu', 'Deutsche Edelstahlwerke', 'Salzgitter AG', 'SSAB', 'Tata Steel', 'thyssenkrupp AG', 'voestalpine AG'

Growing emphasis on sustainability around the world has led to more aware consumers and investors. Adoption of new corporate sustainability initiatives and advanced eco-friendly manufacturing technologies by steel manufacturers around the world are expected favor the global green steel market outlook as interest in sustainably produced materials rises.

Adoption in Electric Vehicles: Green steel companies should target electric vehicle manufacturing to maximize their business scope in the long run. Green steel is being used for its lightweight and high corrosion resistance properties in the manufacturing of battery enclosures and structural electric vehicles components thereby making this a prominent green steel market trend for the future.

North America is estimated to account for the largest share of the global green steel demand going forward. Quick adoption of advanced green steel technologies, high investments in hydrogen production, and launch of new efforts to reduce emissions from steel manufacturing are cementing the dominance of this region.