India's Ministry of Steel has announced a new formula to classify steel products as green based on their CO2 emissions. Steel produced with emissions below 2.2 tons per ton of rolled steel will be considered green, with lower emissions earning five-star and three-star green ratings. As the world's second-largest steel producer, India aims to decarbonize its procurement and production through this green steel policy. With increasing imports and consumption, the country needs significant investments to meet its steel production targets by 2030.

SMS Group has been selected by Swedish steelmaker SSAB to build a new 190-ton electric arc furnace (EAF) in Ökseläsund, scheduled to operate in Q4 2026. The furnace, powered by a 280 MVA transformer and equipped with a digital control system, will be one of the largest in the world and contribute to SSAB's fossil fuel-free production goals, reducing Sweden's carbon emissions by 3%. The European Commission has approved a €128 million state aid measure to support SSAB's decarbonization efforts at its Luleå site.

South Korean steelmaker POSCO has announced the closure of its first steel wire rod plant in Pohang Steelworks after 45 years of operation due to the global oversupply of steel. The company plans to focus on high value-added products to enhance profitability and competitiveness. POSCO also intends to jointly invest with Indian company JSW Steel in a new steel plant in Odisha.