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Renewable-Powered EAFs Transform Steel Production Standards
The global Green Steel Market is projected to grow significantly from USD 25.3 billion in 2023 to USD 61.3 billion by 2032, registering a robust CAGR of 10.4% during the forecast period (2024–2032). The rise of green steel—produced using low-carbon technologies such as hydrogen-based direct reduced iron (DRI), electric arc furnaces (EAF), and renewable energy—is being driven...
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