A new study led by the University of Oxford highlights the potential for Ukraine to rebuild its steel sector with a focus on green steel production, as a key driver for post-war recovery. The report outlines the economic benefits of transitioning to low-emission steel production, estimating a $164 billion increase in GVA compared to traditional coal-based methods. By leveraging renewable energy sources and green hydrogen, Ukraine could position itself as a significant player in the European green steel market, fostering economic growth and employment opportunities. The study emphasizes the need for capital investment, clear climate policies, and strong trade links to realize Ukraine's green steel ambitions. With proposed investments in renewable energy infrastructure, energy storage, and iron and steelmaking furnaces, the country could pave the way for a sustainable and profitable steel industry. The potential economic impact is substantial, with projections suggesting that for every $1 invested in the steel sector, an additional $3.28 is generated elsewhere in the economy. Furthermore, the researchers point out that Ukraine's green steel initiative aligns with global efforts to reduce carbon emissions, offering a potential blueprint for sustainable steel production worldwide. As Ukraine progresses towards a green steel future, the study anticipates increased interest from international donors and private investors, which could further accelerate the country's post-war recovery and reconstruction efforts. The commitment of domestic players, including major Ukrainian steelmakers like Metinvest and ArcelorMittal, towards green steel transition strategies signifies a positive step forward. With the upcoming Ukraine Recovery Conference 2024 in Berlin, the study's authors hope to elevate the discussion on green steel and secure support for Ukraine's sustainable economic transformation. Ultimately, by embracing green steel production, Ukraine has the opportunity to not only rebuild its economy but also lead the way in the global transition towards low-emission steel production.