The article discusses the growing significance of green steel in revolutionizing the steel industry towards sustainability and environmental responsibility. The Global Green Steel Market is projected to experience substantial growth, reaching $19.4 billion by 2029 at a CAGR of 21.4%. This growth is fueled by the industry's urgent need to adopt eco-friendly practices to reduce carbon emissions. Green steel, produced using hydrogen and renewable electricity, presents a promising solution to cut emissions significantly while maintaining product quality. The report emphasizes the key drivers behind the market's expansion, including increasing social pressure for green practices, the imperative to reduce CO2 emissions, government incentives for green manufacturing, and technological advancements enhancing the efficiency of steel production. Innovative technologies like Molten oxide electrolysis (MOE) offer scalable and cost-effective methods for reducing carbon footprint in steelmaking. The article also highlights the emergence of startups like Blastr Green Steel AS and Stegra, which are pioneering the delivery of ultra-low CO2 steel through innovative approaches. Blastr Green Steel aims to substitute hydrogen for conventional coal, significantly decreasing greenhouse gas emissions. Stegra, headquartered in Sweden, is focused on decarbonizing the steel sector by establishing extensive facilities for green hydrogen, iron, and steel production. The global steel industry faces the critical challenge of aligning manufacturing practices with sustainability goals, given the sector's substantial contribution to global emissions. The article underscores the shift towards green steel as a vital step in mitigating environmental impacts, meeting renewable energy targets, and satisfying consumer demand for sustainable materials in sectors like construction, transportation, and machinery.