While blast furnaces remain the dominant ironmaking technology, there is growing interest in using hydrogen to partially replace coke and pulverized coal to reduce CO2 emissions in this hard‐to‐decarbonize process. However, significant discrepancies in modeling the tuyere injection of hydrogen are noted in the literature, which can challenge the scale‐up from modeling predictions and pilot trials to actual blast furnace operations. To address this, the impact of uncertainties in the assumptions of the temperature in the thermal reserve zone and the ratio of H2 and CO utilization on the results of blast furnace process modeling are evaluated using a 1D steady‐state zonal model. The study indicates that variations in the assumed value of thermal reserve zone temperature significantly impact the estimation of optimal hydrogen injection rate, coke replacement ratio, and direct CO2 emissions reductions. In contrast, the same parameters are much less affected by the variations in the assumed value of the proportion between H2 and CO utilization ratios, which, however, affect the top gas composition. A need for further research to determine the range of the difference in temperatures of gas and solid in the thermal reserve zone tolerable for smooth blast furnace operation is highlighted.