The steel sector is a foundation of modern society and is present in many aspects of our lives. The industry has over the last decade been facing increased environmental and climate pressure to lower its carbon footprint while remaining economically competitive. Decarbonizing this sector is challenging but, nevertheless, key for achieving climate goals. OECD data has shown that the sector accounts for around 6-8% of man-made global emissions from the energy sector. There have been efforts to decarbonize iron and steel production globally, and this article examines those challenges along with the strategies available to industry to achieve low-carbon and, ultimately, green steel in the coming decades.