The steel industry's decarbonization by 2050 requires $1.4 trillion investment in hydrogen-based direct reduced iron & renewable energy-powered electric arc furnaces. This transformation may increase production costs by 30% by 2040. Government grants totaling billions across the United States, European Union, Germany, & Canada support pioneering projects. Over 50 major financial institutions offer green loans for sustainable steel initiatives. Equity funds, pension funds, & non-governmental organizations provide additional financing mechanisms enabling the transition toward environmentally conscious steelmaking practices.