The article discusses the challenges the steel industry faces in meeting climate targets amidst forecasted global production growth. Without evolution in production methods, CO2 emissions may surge, hindering efforts to limit global warming. To bridge this gap, a 90% reduction in CO2 emissions by 2050 is essential, necessitating the adoption of green technologies like hydrogen-based direct reduction and policy reinforcements such as carbon pricing. Global cooperation is highlighted as crucial, especially for sharing technological advancements. Fastmarkets offers market intelligence to support the steel industry in transitioning to a low-carbon future, facilitating decision-making through pricing insights and forecasts. By incentivizing sustainable practices, the industry can work towards emission reduction targets and long-term competitiveness, ultimately contributing to global climate mitigation efforts.