The journey of the steel industry towards carbon neutrality has gained momentum through advancements in hydrogen-based and electric ironmaking technologies. Major players are investing in these innovations to achieve sustainable 'green steel' production by diversifying beyond traditional methods. Hydrogen-based DRI processes, like H2-DRI, are at the forefront, with Europe leading in planned projects. However, challenges such as the availability and cost of low-carbon hydrogen pose obstacles. Alternative technologies like fluidized bed DRI and HSPR offer innovative solutions but need further development for commercial scale-up. Electric ironmaking technologies, such as MOE and electrowinning, are also emerging, potentially revolutionizing the industry by bypassing hydrogen requirements. While these advancements show promise for a greener future, challenges in infrastructure and cost competitiveness remain. Overall, the steel industry's shift towards green steel production showcases a commitment to sustainability and environmental responsibility.