Green Steel Revolution: Is 2025 the Tipping Point?

ᴛʜᴇ sᴛᴇᴇʟ ɪɴᴅᴜsᴛʀʏ ɪs ᴀᴛ ᴀ ᴄʀɪᴛɪᴄᴀʟ ᴊᴜɴᴄᴛᴜʀᴇ. ɪɴ ²⁰²⁵, ᴛʜᴇ ɢʟᴏʙᴀʟ ᴍᴏᴍᴇɴᴛᴜᴍ ᴛᴏᴡᴀʀᴅ ᴅᴇᴄᴀʀʙᴏɴɪᴢᴀᴛɪᴏɴ ʜᴀs ᴀᴄᴄᴇʟᴇʀᴀᴛᴇᴅ ʟɪᴋᴇ ɴᴇᴠᴇʀ ʙᴇꜰᴏʀᴇ. ᴡɪᴛʜ ᴏᴠᴇʀ ⁷% ᴏꜰ ɢʟᴏʙᴀʟ ᴄᴏ₂ ᴇᴍɪssɪᴏɴs ᴄᴏᴍɪɴɢ ꜰʀᴏᴍ sᴛᴇᴇʟ ᴘʀᴏᴅᴜᴄᴛɪᴏɴ, ᴛʜᴇ ᴘʀᴇssᴜʀᴇ ɪs ᴍᴏᴜɴᴛɪɴɢ—ꜰʀᴏᴍ ɢᴏᴠᴇʀɴᴍᴇɴᴛs, ɪɴᴠᴇsᴛᴏʀs, ᴀɴᴅ ᴄᴏɴsᴜᴍᴇʀs—ꜰᴏʀ ʀᴇᴀʟ, sᴄᴀʟᴀʙʟᴇ ɢʀᴇᴇɴ sᴛᴇᴇʟ sᴏʟᴜᴛɪᴏɴs. ʜᴇʀᴇ’s ᴡʜᴀᴛ’s sʜɪꜰᴛɪɴɢ: ʜʏᴅʀᴏɢᴇɴ-ʙᴀsᴇᴅ ᴅʀɪ ɪs ᴍᴏᴠɪɴɢ ꜰʀᴏᴍ ᴘɪʟᴏᴛ ᴛᴏ ᴘʀᴏᴅᴜᴄᴛɪᴏɴ. ᴄᴏᴍᴘᴀɴɪᴇs ʟɪᴋᴇ ssᴀʙ, ᴀʀᴄᴇʟᴏʀᴍɪᴛᴛᴀʟ, ᴀɴᴅ ᴛᴀᴛᴀ sᴛᴇᴇʟ ᴀʀᴇ ɪɴᴠᴇsᴛɪɴɢ ʜᴇᴀᴠɪʟʏ ɪɴ ʜʏᴅʀᴏɢᴇɴ ꜰᴜʀɴᴀᴄᴇs. ɢʀᴇᴇɴ ʜʏᴅʀᴏɢᴇɴ ᴄᴏsᴛs ᴀʀᴇ ᴅʀᴏᴘᴘɪɴɢ, ᴛʜᴀɴᴋs ᴛᴏ ʀᴇɴᴇᴡᴀʙʟᴇs ᴀɴᴅ ɢʟᴏʙᴀʟ ɪɴꜰʀᴀsᴛʀᴜᴄᴛᴜʀᴇ ᴘᴜsʜ. ᴄᴀʀʙᴏɴ ʙᴏʀᴅᴇʀ ᴛᴀxᴇs (ʟɪᴋᴇ ᴛʜᴇ ᴇᴜ’s ᴄʙᴀᴍ) ᴀʀᴇ ʀᴇsʜᴀᴘɪɴɢ ɢʟᴏʙᴀʟ ᴄᴏᴍᴘᴇᴛɪᴛɪᴠᴇɴᴇss.ᴀᴜᴛᴏᴍᴀᴋᴇʀs ᴀɴᴅ ᴛᴇᴄʜ ɢɪᴀɴᴛs ᴀʀᴇ ᴅᴇᴍᴀɴᴅɪɴɢ ʟᴏᴡ-ᴇᴍɪssɪᴏɴ sᴛᴇᴇʟ ᴀᴄʀᴏss ᴛʜᴇɪʀ sᴜᴘᴘʟʏ ᴄʜᴀɪɴs. ᴛʜᴇ ʙɪɢ ǫᴜᴇsᴛɪᴏɴ: ᴄᴀɴ ɢʀᴇᴇɴ sᴛᴇᴇʟ sᴄᴀʟᴇ ꜰᴀsᴛ ᴇɴᴏᴜɢʜ ᴛᴏ ᴍᴇᴇᴛ ᴅᴇᴍᴀɴᴅ, ᴡɪᴛʜᴏᴜᴛ ᴘʀɪᴄɪɴɢ ɪᴛsᴇʟꜰ ᴏᴜᴛ ᴏꜰ ᴛʜᴇ ᴍᴀʀᴋᴇᴛ? ²⁰²⁵ ᴍɪɢʜᴛ ʙᴇ ᴛʜᴇ ʏᴇᴀʀ ᴡᴇ sᴛᴏᴘ ᴀsᴋɪɴɢ ɪꜰ ɢʀᴇᴇɴ sᴛᴇᴇʟ ɪs ᴘᴏssɪʙʟᴇ—ᴀɴᴅ sᴛᴀʀᴛ ᴀsᴋɪɴɢ ʜᴏᴡ ꜰᴀsᴛ ᴡᴇ ᴄᴀɴ ʙᴜɪʟᴅ ɪᴛ.