CO2 emissions have been identified as the main driver for climate change, with devastating consequences for the global natural environment. The steel industry is responsible for ca. 8%-11% of global CO2 emissions, due to high fossil-fuel and energy consumption. The onus is therefore on industry to remedy the environmental damage caused and to decarbonise production. This desk research report follows a two-tiered route: 1) exploring the Bio Steel Cycle; 2) proposing a seven-step strategy to overcome the challenges within the iron and steel industry. The true levels of CO2 emissions in the steelmaking process, during the blast-furnace/basic-oxygen-furnace operation, will be detailed first, at 4.61t of CO2 emissions/t of steel produced. The manuscript proposes a solution for reduced carbon emissions steelmaking with the Bio Steel Cycle components and detail on how to reach net-zero carbon emissions steel production. The 7-step-implementation-strategy as a potential solution to achieve net and true zero carbon emissions steel production in the short to medium-term. The findings of this are pointing towards the conclusion that CO2 emissions seem to have been under-reported and under-estimated in the past, but the emission can be addressed if the correct scenarios for net-zero steel manufacturing are implemented by 2050.