The transition toward a circular economy requires continuous tracking of material lifecycles through Digital Product Passports (DPP). Blockchain has been proposed for DPP implementations due to their immutable nature, but its application within the steelmaking sector remains largely unexplored. This paper investigates the technical feasibility of a permissioned blockchain framework to serve as a foundational infrastructure for steel DPPs. The proposed framework utilises Hyperledger Fabric with a hybrid storage strategy and cryptographic hash pointers to ensure data integrity and scalability. To validate the framework, we conducted a performance assessment simulating approximately 11.5 years of industrial activity across a 12-node distributed network. The simulation processed over 48 million transactions, displaying ledger stability and storage scalability under operational pressure. Our results display a consistent mean throughput of approx. 210 TPS and stable transaction latency even as the ledger grew linearly. The hybrid data strategy provided pruning that effectively managed storage overhead. These findings suggest that permissioned blockchains are technically feasible to serve as the foundational framework covering the requirements of DPP implementations within the steel supply chain.