According to Fortune Business Insights Europe green steel market size was valued at USD 0.73 billion in 2023 and is projected to grow from USD 1.29 billion in 2024 to USD 64.82 billion by 2032 at a CAGR of 63.2% during the forecast period. The market is witnessing exponential growth due to decarbonization goals and strict EU environmental regulations. Green steel is becoming a key component in Europe’s strategy to achieve carbon neutrality by 2050.