A recent study by the India Energy and Climate Center and the Energy and Resources Group at the University of California, Berkeley, indicates that India's steel industry can significantly reduce its reliance on coal and avoid over ₹100 lakh crore (approximately $1.2 trillion) in coal imports by transitioning to green hydrogen technology. With a target to boost steel production capacity to 300 million tonnes by 2030-31, the industry currently faces the daunting prospect of importing 5.8 billion tonnes of coking coal, which would also contribute to an estimated 19.5 gigatonnes of carbon dioxide emissions. The study highlights that green hydrogen, produced domestically, could become cheaper than traditional methods by 2035, potentially costing less than $500 per tonne. This shift not only promises to mitigate financial risks associated with imported coal but also positions India favorably in international markets, particularly as carbon prices rise in the European Union. The researchers urge the need for a robust market framework to support the initial commercial projects in green steel, emphasizing long-term agreements and reliable access to clean energy.