The steel sector is actively pursuing the development and adoption of carbon-lean technologies, among which CCU&S plays a key role. Since the sources of direct CO2 emissions in the iron and steel sector are very site-specific and dependent on the iron making process, CCU&S in the steel industry faces a greater challenge with respect to choose of technology, process efficiency, total cost incurred and scale up for industrial applications. However, enabling commercial deployment of CCU&S at scale will require incentives through appropriate “technology push” policy frameworks so as to support investments in CCU&S across a spectrum of static industrial emitters, including the steel industry. Investments and implementations in CCU&S will only happen with appropriate, robust and sustained government policies. In this research, we have evaluated and compared the techno-economic feasibility of a 45Q like policy enabled CCU&S for various steel making routes employing coal gasification, direct reduction, and electric arc furnace operations for sustainable and economically viable steel production.