Dublin, June 10, 2025 (GLOBE NEWSWIRE) -- The "Green Steel Market 2025" report has been added to ResearchAndMarkets.com's offering.The Green Steel Market was valued at USD 7.4 Billion in 2024, and is projected to reach USD 19.4 Billion by 2029, rising at a CAGR of 21.4% This report is a descriptive study providing future opportunities for manufacturing green steel and offer in-depth insights with a comprehensive and qualitative analysis, along with trends and opportunities prevailing in the market that can ...

Core Viewpoint - Algoma Steel Group Inc. emphasizes its commitment to sustainability as a strategic priority, particularly through the completion of its Electric Arc Furnace (EAF) project, which aims to significantly reduce carbon emissions and position the company as a leading producer of green steel in Canada [2][6]. Group 1: Sustainability Report Highlights - The 2024 Sustainability Report covers a nine-month transition period from April 1 to December 31, 2024, aligning with the company's financial reporting period [1]. - The report showcases Algoma's advancements in enterprise risk management and integrated business planning, enhancing governance and operational reliability [2]. - Algoma's EAF project is expected to reduce carbon emissions by approximately 70%, marking a significant step towards decarbonization in the steel industry [2][6]. Group 2: Commitment to Transparency - The report is prepared in accordance with the Sustainability Accounting Standards Board (SASB) and the Task Force on Climate-related Financial Disclosures (TCFD), highlighting Algoma's dedication to transparency and long-term value creation [3]. Group 3: Company Overview - Algoma Steel Group Inc. is a fully integrated producer of hot and cold rolled steel products, serving various sectors including automotive, construction, energy, defense, and manufacturing [5]. - The company operates one of the lowest-cost producers of hot rolled sheet steel in North America, with a focus on customer-driven product solutions [5].