×
Request Free Sample ×

Kindly complete the form below to receive a free sample of this Report

* Please use a valid business email

Leading companies partner with us for data-driven Insights

clients tt-cursor
Hero Background

US Green steel Market

ID: MRFR/CnM/14900-HCR
111 Pages
Chitranshi Jaiswal
October 2025

US Green Steel Market Research Report By Method of Production (Hydrogen-Based Reduction, Electrolysis, Biomass Direct Reduction, Recycling), By End Use Industry (Construction, Automotive, Manufacturing, Energy), By Form (Flat Steel, Long Steel, Steel Products) and By Quality Grade (High Strength Steel, Low Alloy Steel, Stainless Steel) - Forecast to 2035.

Share:
Download PDF ×

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

US Green steel Market Infographic
Purchase Options

US Green steel Market Summary

As per analysis, the US Green Steel Market is projected to grow from USD 104.56 Million in 2024 to USD 196,499.74 Million by 2035, exhibiting a compound annual growth rate (CAGR) of 98.44% during the forecast period (2025 - 2035).

Key Market Trends & Highlights

The US Green Steel Market is poised for substantial growth driven by technological advancements and increasing consumer demand for sustainability.

  • Technological advancements in production are reshaping the landscape of the US Green Steel Market, particularly in the construction segment, which remains the largest.
  • The automotive segment is experiencing rapid growth, driven by innovations in green steel applications for automotive components.
  • Regulatory support and incentives are fostering a favorable environment for green steel production, enhancing market dynamics.
  • Key market drivers include technological innovations in green steel production and rising consumer awareness and demand for sustainable products.

Market Size & Forecast

2024 Market Size 104.56 (USD Million)
2035 Market Size 196499.74 (USD Million)
CAGR (2025 - 2035) 98.44%

Major Players

Nucor Corporation (US), Steel Dynamics, Inc. (US), United States Steel Corporation (US), Cleveland-Cliffs Inc. (US), Commercial Metals Company (US), TimkenSteel Corporation (US), Gerdau Ameristeel Corporation (US), New Steel (US)

Our Impact
Enabled $4.3B Revenue Impact for Fortune 500 and Leading Multinationals
Partnering with 2000+ Global Organizations Each Year
30K+ Citations by Top-Tier Firms in the Industry

US Green steel Market Trends

The US Green Steel Market is currently experiencing a transformative phase, driven by increasing environmental awareness and regulatory pressures. The shift towards sustainable manufacturing practices is becoming more pronounced, as industries seek to reduce their carbon footprints. This transition is not merely a trend but appears to be a fundamental change in how steel is produced and consumed in the United States. The adoption of innovative technologies, such as hydrogen-based steelmaking and electric arc furnaces, is gaining traction, suggesting a potential for significant reductions in greenhouse gas emissions. Furthermore, the collaboration between government entities and private sectors is fostering an environment conducive to research and development in green steel technologies. In addition, consumer demand for sustainable products is influencing manufacturers to adopt greener practices. The US Green Steel Market seems poised for growth as companies align their operations with sustainability goals. This alignment may not only enhance brand reputation but also attract environmentally conscious consumers. As the market evolves, it is likely that new policies and incentives will emerge, further supporting the transition to greener steel production methods. Overall, the US Green Steel Market is on a promising trajectory, with various stakeholders working together to create a more sustainable future for the steel industry.

Technological Advancements in Production

The US Green Steel Market is witnessing a surge in technological innovations aimed at reducing carbon emissions. Techniques such as hydrogen reduction and carbon capture are being explored to enhance production efficiency while minimizing environmental impact. These advancements are likely to reshape traditional steelmaking processes, making them more sustainable.

Regulatory Support and Incentives

Government policies are increasingly favoring sustainable practices within the steel industry. Incentives for adopting green technologies and stricter emissions regulations are encouraging manufacturers to invest in cleaner production methods. This regulatory landscape is expected to drive the growth of the US Green Steel Market.

Consumer Demand for Sustainability

There is a growing trend among consumers in the United States towards preferring products that are environmentally friendly. This shift in consumer behavior is prompting manufacturers to prioritize sustainability in their operations. As a result, the US Green Steel Market is likely to expand as companies respond to this demand.

US Green steel Market Drivers

Investment in Renewable Energy Sources

The integration of renewable energy sources into steel production processes is a pivotal driver for the US Green Steel Market. As of January 2026, many steel manufacturers are exploring partnerships with renewable energy providers to power their operations. The use of solar and wind energy not only reduces reliance on fossil fuels but also aligns with sustainability goals. Reports indicate that companies utilizing renewable energy in their production processes can achieve significant cost savings in the long run. This trend is likely to foster innovation and investment in the green steel sector, further propelling the growth of the US Green Steel Market.

Government Policies and Regulatory Frameworks

The US Green Steel Market benefits significantly from supportive government policies and regulatory frameworks aimed at reducing carbon emissions. The Biden administration has introduced various initiatives, including tax credits and grants for companies that adopt sustainable practices. The Infrastructure Investment and Jobs Act allocates substantial funding for clean energy projects, which includes green steel production. As of January 2026, these policies are expected to create a favorable environment for the growth of the green steel sector. The alignment of federal and state regulations with sustainability goals may further incentivize manufacturers to transition towards greener practices, thereby enhancing the competitiveness of the US Green Steel Market.

Global Market Trends and Competitive Landscape

The US Green Steel Market is influenced by global market trends and the competitive landscape. As of January 2026, international demand for sustainable steel is rising, prompting US manufacturers to adapt to global standards. Countries in Europe and Asia are leading in green steel production, creating competitive pressure for US firms to innovate and enhance their sustainability practices. The potential for export opportunities in the green steel sector is also increasing, as global markets seek low-carbon alternatives. This competitive dynamic may drive advancements in technology and production methods within the US Green Steel Market, positioning it favorably in the global arena.

Technological Innovations in Green Steel Production

The US Green Steel Market is experiencing a surge in technological innovations that enhance the efficiency and sustainability of steel production. Advanced methods such as hydrogen-based direct reduction and electric arc furnaces are gaining traction. These technologies not only reduce carbon emissions but also improve energy efficiency. For instance, the use of hydrogen in steelmaking can potentially lower emissions by up to 95 percent compared to traditional methods. As of January 2026, several US companies are investing heavily in these technologies, indicating a shift towards greener production processes. This trend is likely to attract further investments and partnerships, thereby accelerating the growth of the US Green Steel Market.

Rising Consumer Awareness and Demand for Sustainable Products

Consumer awareness regarding environmental issues is on the rise, significantly impacting the US Green Steel Market. As of January 2026, a growing number of consumers are prioritizing sustainability in their purchasing decisions, leading to increased demand for green steel products. This shift is evident in various sectors, including automotive and construction, where companies are seeking to reduce their carbon footprint. Reports indicate that brands utilizing green steel are likely to gain a competitive edge, as consumers are willing to pay a premium for sustainable products. This trend suggests that the US Green Steel Market could see substantial growth as manufacturers respond to evolving consumer preferences.

Market Segment Insights

By Application: Construction (Largest) vs. Automotive (Fastest-Growing)

In the US Green Steel Market, the application segment showcases a varied distribution of market shares among its key categories. Construction is currently the largest segment, propelled by the increasing demand for sustainable building practices and green certifications. Automotive follows in significance, driven by the industry's shift towards electric vehicles and lighter materials to improve fuel efficiency.

Construction: Dominant vs. Automotive: Emerging

The construction sector holds a dominant position in the US Green Steel Market, characterized by its strong focus on sustainable materials and eco-friendly building practices. This segment capitalizes on government initiatives promoting green infrastructure, resulting in higher demand for green steel in residential and commercial projects. On the other hand, the automotive sector is emerging rapidly, influenced by a shift towards electric vehicles and advanced manufacturing techniques. This segment's growth is supported by consumer preferences for environmentally friendly transport and automotive companies striving for carbon-neutral production methods.

By End Use: Building Materials (Largest) vs. Automotive Components (Fastest-Growing)

The US Green Steel Market showcases a diverse range of end-use applications, with building materials accounting for the largest share of the market. This sector benefits from the rising demand for sustainable construction practices and the increasing adoption of green building standards. Automotive components follow closely, reflecting a growing shift towards electric vehicles and eco-friendly manufacturing processes that favor the utilization of green steel. Automotive components are documented as the fastest-growing segment within the US Green Steel Market. The transition to electric mobility and stringent regulations aimed at reducing carbon emissions are driving manufacturers to seek greener alternatives for automotive parts. Additionally, innovations in green steel technologies are further enhancing its appeal, making it a key player in the evolution of the automotive industry towards sustainable practices.

Building Materials (Dominant) vs. Renewable Energy Systems (Emerging)

In the US Green Steel Market, building materials hold the dominant position due to their essential role in sustainable infrastructure development. This segment encompasses a wide range of products including steel beams, rods, and panels that are vital for construction. The emphasis on eco-friendly construction techniques and materials has significantly increased the adoption of green steel in this market. In contrast, renewable energy systems are an emerging segment, gaining traction as the demand for sustainable energy solutions intensifies. This includes applications in wind turbines and solar panel support structures. As federal and state regulations evolve to support renewable energy initiatives, this sector is expected to see accelerated growth, further integrating green steel into the fabric of America's energy future.

By Production Method: Electric Arc Furnace (Largest) vs. Hydrogen Reduction (Fastest-Growing)

In the US Green Steel Market, the production method segment is characterized by a competitive distribution among Electric Arc Furnace (EAF), Direct Reduced Iron (DRI), Hydrogen Reduction, Recycling, and Biomass Reduction. Among these, Electric Arc Furnace technology holds the largest market share due to its established infrastructure and cost-effectiveness. Recycling also shares a significant portion, benefitting from the ongoing push towards circular economy practices, while Hydrogen Reduction is garnering attention as a sustainable method to lower carbon emissions.

Electric Arc Furnace (Dominant) vs. Hydrogen Reduction (Emerging)

Electric Arc Furnace (EAF) technology has established itself as the dominant player in the US Green Steel Market, largely due to its ability to repurpose scrap steel, creating lower carbon outputs while maintaining steel quality. EAF is favored for its operational efficiency and compatibility with renewable energy sources, thereby aligning well with sustainability goals. In contrast, Hydrogen Reduction is an emerging production method that promises to revolutionize the green steel sector. By utilizing hydrogen as a reducing agent instead of carbon, this process facilitates a significant reduction in carbon emissions. As the market shifts towards greener alternatives, Hydrogen Reduction is fast becoming a viable option supported by technological advancements and favorable regulatory developments.

By Material Type: Steel (Largest) vs. Alloys (Fastest-Growing)

In the US Green Steel Market, the material type segment is primarily dominated by Steel, which consumes a significant portion of the market share due to its essential role in construction and manufacturing. Alloys follow closely, representing a growing preference among industries for materials that offer improved performance and sustainability. Reinforced Steel, Flat Steel Products, and Long Steel Products also contribute to the competition, but their share remains relatively smaller compared to Steel and Alloys. The growth trends within this segment indicate a rising demand for Alloys as industries shift towards innovative materials that enhance efficiency and reduce carbon emissions. This is particularly evident in sectors like automotive and construction, where reinforced steel products are gaining traction for their strength and lightweight properties. Continuous advancements in recycling technologies also support the growth of Green Steel, emphasizing sustainability across all material types.

Steel (Dominant) vs. Alloys (Emerging)

Steel remains the dominant force in the US Green Steel Market, known for its durability and versatility in numerous applications, including infrastructure and transportation. Its established presence in the market ensures consistent demand, as construction projects often rely heavily on high-quality steel. Conversely, Alloys are emerging as a compelling alternative due to their improved characteristics, such as enhanced strength and resistance to corrosion. Industries are increasingly recognizing the benefits of alloys, which can be customized for specific applications. These factors are leading to a gradual shift towards alloys as manufacturers seek greener, more efficient materials. As sustainability becomes paramount, both Steel and Alloys are expected to play crucial roles in the future landscape of the Green Steel Market.

By Technology: Hydrogen-Based Steelmaking (Largest) vs. Carbon Capture Utilization (Fastest-Growing)

Within the US Green Steel Market, hydrogen-based steelmaking currently represents the largest share among the various technology segments. This method, leveraging hydrogen to reduce iron ore, is increasingly recognized for its potential to significantly lower carbon emissions. Meanwhile, carbon capture utilization is emerging as the fastest-growing segment, drawing attention due to its innovative approach to capturing and reusing carbon emissions, thus contributing to sustainability goals.

Technology: Hydrogen-Based Steelmaking (Dominant) vs. Carbon Capture Utilization (Emerging)

Hydrogen-based steelmaking stands at the forefront of the green steel revolution, characterized by its innovative use of hydrogen as a reducing agent which eliminates carbon emissions from traditional processes. This technology not only presents substantial environmental benefits but also aligns with global trends toward decarbonization. On the other hand, carbon capture utilization is rapidly gaining traction as an essential emerging technology, converting captured carbon emissions into valuable products. Both technologies represent distinct approaches to achieving greener steel production, with hydrogen solutions leading the current market while carbon capture is poised for exponential growth driven by sustainability initiatives.

Get more detailed insights about US Green steel Market

Key Players and Competitive Insights

The Green Steel Market in the US is currently characterized by a dynamic competitive landscape, driven by increasing demand for sustainable steel production and stringent environmental regulations. Key players such as Nucor Corporation (US), Steel Dynamics, Inc. (US), and United States Steel Corporation (US) are at the forefront of this transformation, each adopting distinct strategies to enhance their market positioning. Nucor Corporation (US) has focused on innovation through the development of electric arc furnace (EAF) technology, which significantly reduces carbon emissions. Meanwhile, Steel Dynamics, Inc. (US) emphasizes regional expansion, having recently announced plans to construct a new EAF facility in the Midwest, thereby enhancing its production capacity and sustainability profile. United States Steel Corporation (US) is actively pursuing partnerships aimed at advancing its green steel initiatives, indicating a collective shift towards collaborative efforts in the industry.

In terms of business tactics, companies are increasingly localizing manufacturing and optimizing supply chains to enhance efficiency and reduce carbon footprints. The market structure appears moderately fragmented, with several players vying for market share while also collaborating on sustainability initiatives. This competitive environment is shaped by the collective influence of these key players, who are not only competing but also setting industry standards for green practices.

In December 2025, Nucor Corporation (US) announced a strategic partnership with a leading renewable energy provider to power its EAF facilities with 100% renewable energy. This move is likely to bolster Nucor's sustainability credentials and position it as a leader in the green steel sector. The partnership underscores the importance of integrating renewable energy sources into steel production, which could serve as a model for other companies in the industry.

In November 2025, Steel Dynamics, Inc. (US) unveiled its plans to invest $300 million in a new EAF facility, which is expected to be operational by late 2026. This investment not only enhances its production capabilities but also aligns with the growing demand for low-carbon steel. The strategic importance of this facility lies in its potential to significantly reduce greenhouse gas emissions, thereby appealing to environmentally conscious consumers and businesses.

In October 2025, United States Steel Corporation (US) launched a new initiative aimed at increasing the use of recycled materials in its production processes. This initiative is expected to reduce raw material costs and enhance sustainability, reflecting a broader trend within the industry towards circular economy principles. The strategic importance of this initiative lies in its potential to improve resource efficiency and reduce environmental impact, which is increasingly becoming a priority for stakeholders.

As of January 2026, the competitive trends in the Green Steel Market are heavily influenced by digitalization, sustainability, and the integration of AI technologies. Strategic alliances are becoming more prevalent, as companies recognize the need for collaboration to achieve ambitious sustainability goals. The competitive differentiation is likely to evolve from traditional price-based competition to a focus on innovation, technological advancements, and supply chain reliability. This shift indicates a transformative phase in the industry, where companies that prioritize sustainable practices and technological integration may gain a competitive edge.

Key Companies in the US Green steel Market include

Industry Developments

The US Green Steel Market has experienced significant developments recently, particularly with an emphasis on sustainability and carbon reduction. Companies like Nucor and Steel Dynamics have ramped up investments in green technologies, focusing on electric arc furnace steel production, which drastically lowers carbon emissions compared to traditional blast furnace methods. In September 2023, U.S. Steel announced plans to enhance its electric arc furnace capabilities, aligning with its commitment to reduce carbon emissions by 20% by 2030. Alcoa, recognized for its innovations in low-carbon aluminum production, is also exploring synergies between aluminum and steel manufacturing for enhanced sustainability.

Regarding mergers and acquisitions, in August 2023, ClevelandCliffs completed its acquisition of a significant Ohio steel facility, which aims to bolster its position in the green steel sector. Meanwhile, Novelis has been expanding its recycling capabilities to support the circular economy model in steel production. Over the past two years, key developments include the groundbreaking of several new green steel plants and initiatives led by the American Iron and Steel Institute to promote advanced steelmaking technologies. The market is becoming increasingly competitive, with a strong focus on environmentally responsible production methods in line with government regulations and industry standards.

Future Outlook

US Green steel Market Future Outlook

The US Green Steel Market is projected to grow at a remarkable 98.44% CAGR from 2025 to 2035, driven by sustainability initiatives, technological advancements, and regulatory support.

New opportunities lie in:

  • Investment in carbon capture technologies for steel production
  • Development of green steel supply chain partnerships
  • Expansion into renewable energy-powered steel manufacturing facilities

By 2035, the US Green Steel Market is poised for substantial growth and innovation.

Market Segmentation

US Green steel Market End Use Outlook

  • Building Materials
  • Automotive Components
  • Industrial Equipment
  • Renewable Energy Systems
  • Consumer Products

US Green steel Market Technology Outlook

  • Carbon Capture Utilization
  • Hydrogen-Based Steelmaking
  • Recycling Technologies
  • Energy Efficiency Technologies
  • Digital Manufacturing

US Green steel Market Application Outlook

  • Construction
  • Automotive
  • Machinery
  • Energy
  • Consumer Goods

US Green steel Market Material Type Outlook

  • Steel
  • Alloys
  • Reinforced Steel
  • Flat Steel Products
  • Long Steel Products

US Green steel Market Production Method Outlook

  • Electric Arc Furnace
  • Direct Reduced Iron
  • Hydrogen Reduction
  • Recycling
  • Biomass Reduction

Report Scope

MARKET SIZE 2024104.56(USD Million)
MARKET SIZE 2025222.21(USD Million)
MARKET SIZE 2035196499.74(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR)98.44% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Million
Key Companies ProfiledNucor Corporation (US), Steel Dynamics, Inc. (US), United States Steel Corporation (US), Cleveland-Cliffs Inc. (US), Commercial Metals Company (US), TimkenSteel Corporation (US), Gerdau Ameristeel Corporation (US), New Steel (US)
Segments CoveredApplication, End Use, Production Method, Material Type, Technology
Key Market OpportunitiesIncreased demand for sustainable construction materials drives innovation in the US Green Steel Market.
Key Market DynamicsRising regulatory pressures and technological advancements drive growth in the US Green Steel Market.
Countries CoveredUS
Leave a Comment

FAQs

What is the current valuation of the US Green Steel Market?

The US Green Steel Market was valued at 104.56 USD Million in 2024.

Download Free Sample

Kindly complete the form below to receive a free sample of this Report

Compare Licence

×
Features License Type
Single User Multiuser License Enterprise User
Price $4,950 $5,950 $7,250
Maximum User Access Limit 1 User Upto 10 Users Unrestricted Access Throughout the Organization
Free Customization
Direct Access to Analyst
Deliverable Format
Platform Access
Discount on Next Purchase 10% 15% 15%
Printable Versions