The technologies required to reach net zero steel production are in various stages of maturity. A significant effort from the industry, academia, policy makers, governments, and society in general will be needed to ensure our generation wins this battle and controls the temperature increase on our planet.
The path going forward requires intelligent decision making and very thoughtful investments. The choice to scale-up technologies that are not yet proven, which often require high CAPEX investments and increases the operational cost of producing the products will never pass the net present value test for investments. The test needs to be followed by adequate levels of regulation and support so the transition becomes viable, the leaders survive the painful but necessary route of innovation and companies retain their competitive value.