JSW Energy Limited has started operations at its first green hydrogen manufacturing plant, which is also the largest in India, marking a major step in the country's journey towards clean energy.
With India's steel sector responsible for nearly 350 million tonnes of CO₂ emissions annually, industry leaders on Friday said the transition to low-carbon steel hinges on government creating demand through procurement mandates, besides providing financial support and policy certainty.
Seoul-based Hyundai Steel returned to profitability in the second quarter of 2025, reporting an operating profit of 101.8 billion won (approximately USD 73.6 million) and a net profit of 37.4 billion won (approximately USD 27 million), as reported by the Korea Herald.
India's automobile industry, the world's third largest, could reduce its manufacturing emissions by up to 87 per cent by 2050 through a transition to green electricity and low-carbon steel, noted a report released on Tuesday by the Council on Energy, Environment and Water (CEEW).
These projects seek to demonstrate the safe and efficient use of hydrogen-based processes for steel production, validating their technical feasibility, assessing performance, and evaluating economic viability, all with the goal of achieving low-carbon steel production.
The growing recognition among market participants that access to pricing information is crucial for securing competitive offtake agreements and advancing projects has led to an increase in pricing visibility worldwide.