POSCO Group recently unveiled part of its HyREX hydrogen reduction steelmaking process equipment at Pohang Steelworks in South Korea, signaling a shift towards green technology in the steel industry. This move aligns with global efforts to reduce carbon emissions and combat the climate crisis. A report titled 'Green Steel Economics' emphasized the significant reduction in carbon emissions achieved through hydrogen reduction steelmaking compared to traditional methods, positioning it as a crucial innovation for producing environmentally friendly steel. The economic feasibility analysis presented in the report sheds light on varying costs across different countries, with South Korea facing challenges due to higher electricity and hydrogen expenses. Despite the potential benefits of green technology, South Korea struggles to compete economically, especially against countries like Brazil. Kim Da-seul from Climate Solutions stressed the importance of advancing technology and implementing supportive policies to navigate these economic hurdles and enhance the competitiveness of the steel industry during the shift towards carbon neutrality. With the steel industry contributing significantly to South Korea's greenhouse gas emissions, the adoption of hydrogen reduction steelmaking could play a pivotal role in achieving the country's carbon neutrality goals. To overcome the obstacles hindering the widespread adoption of green steel technology, such as high prices of renewable energy and green hydrogen, concerted efforts in innovation and policy development are essential.