Energy prices are going to be key here. The mistake would be assuming they are a constant though. They've been trending down and lately coal has been considered on the expensive end of the spectrum. Those prices have been trending down due to clean energy prices dropping. Both solar and wind are now winning bids on price that used to go to coal plants. Also as coal plants shut down and coal mines are closed, coal might actually get more hard to get (i.e. more expensive). Some recent solar plants are delivering power well below the prices you cite (I've heard prices going as low as 3-4 cents/kWh).

I could imagine most steel plants are big enough that they'd want their own infrastructure in any case. So, for a future steel plant based on this stuff with its own cheap energy supply, it might end up being cheaper and cleaner. That could end up being really disruptive.