Green Hydrogen Could Make Indian Steel Competitive and Low-Carbon
hindustantimes.comIndia faces a choice between importing trillions of dollars in coking coal or transitioning to green hydrogen for steel production. With green hydrogen prices hitting record lows, the cost of producing green steel is becoming competitive with traditional blast furnace methods. Switching to hydrogen-based direct reduced iron (H2-DRI) would reduce reliance on volatile global coal markets and protect Indian exports from carbon border taxes like the EU's CBAM. The shift focuses on energy security and domestic infrastructure growth.