How Automotive and Other Sectors Create Green Steel Demand
The transition to green steel is being critically accelerated by offtakers, primarily from the automotive and construction sectors, whose demand is making the industry's capital-intensive decarbonization financially viable. Driven by tightening regulations and corporate net-zero commitments, these major consumers are signing binding offtake agreements that de-risk multi-billion-dollar investments for producers, effectively creating the bankability for new low-carbon facilities. According to insights from the "Green Steel 2025-2035: Technologies, Players, Markets, Forecasts" report, this demand-side revolution is creating a crucial tipping point for the market's growth, driving significant production forecasts despite persistent challenges such as supply chain fragility and the need for standardized definitions of "green steel".