Additive manufacturing (AM) is an Industry 4.0 technology that assists or replaces the conventional manufacturing (CM) of complex geometries in various sectors, including transport, steel, aerospace, military, and architecture. The aim is to improve processes, reduce energy consumption, atmospheric emissions, and solid waste, and streamline stages while complying with the new environmental regulations. The main objective of this work was to carry out a cradle-to-gate Life Cycle Assessment (LCA), considering the raw material extraction, pre-processing, manufacturing, and post-processing stages, comparing two manufacturing methods for the same ER-90 metal flange part, conventional forging and wire and arc additive manufacturing (WAAM), all following the requirements and operations proposed by the ISO 14040/44 standard. WAAM is a Directed Energy Deposition (DED) technology that uses welding techniques to produce 3D objects with more complex geometries. Compared to the forging industry, which requires a lot of heat and kinetic energy in its metal part production stages, WAAM is a more sustainable and modern alternative because it does not require high temperatures and energy to produce the same parts. The environmental indicators compared in the process stages were energy consumption, greenhouse gas (GHG) emissions, and solid waste. The total energy consumption in AM was 18,846.61 MJ, the GHG emissions were 864.49 kgCO₂-eq, and the solid waste generated was 142.34 kg, which were 63.8 %, 90.5%, and 31.6% lower than the environmental indicators calculated for CM, respectively.