Sustainable Steel Market Size and Growth Forecast by Application, Type, and Region 2024-2034
According to BISResearch, the global sustainable (recycled and green) steel market was valued at $329.83 billion in 2023 and is projected to grow at a CAGR of 8.52%, reaching $820.14 billion by 2034.
The sustainable steel market encompasses processes and products that minimize environmental impact. Green steel production methods include hydrogen-based direct reduction, electric arc furnaces (EAF) powered by renewable energy, and recycling scrap steel.