The steel industry, known for its energy-intensive nature and significant climate pollution, is undergoing a crucial transition towards low-carbon and near-zero-carbon production. While advancements in low-carbon technology have made near-zero-carbon steel production possible, the high costs associated with these projects pose a significant challenge. As a result, investments in such projects are often approached conservatively. To accelerate the deployment of near-zero-carbon steel projects, it is imperative to address the economic challenges surrounding them. A recent report has proposed various support measures to facilitate this transition. These include policy instruments like green hydrogen subsidies and the carbon market, as well as market instruments such as green premiums and forward offtake agreements. Financial stakeholders are also crucial in providing preferential interest rates to support the industry's shift. The report outlines six action recommendations aimed at mobilizing stakeholders to create a conducive environment for the rapid deployment of near-zero-carbon steel projects.