The forecast data for the sold production of flat rolled products of non-alloy steel with a width over 600 mm in Germany from 2024 to 2028 indicates a gradual decline from €1.8697 billion in 2024 to €1.8214 billion in 2028. As of 2023, the actual figure stood at a slightly higher level. The year-on-year variation shows a consistent decrease of around 0.6%, indicating a downward trend. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) reflects a consistent slight decline annually.
Future trends to watch for include:
- The impact of technological advancements and increased automation in steel manufacturing, potentially changing the cost structure.
- Shifts in demand due to evolving construction and automotive industry needs where non-alloy steel is heavily utilized.
- The influence of environmental regulations on production processes and the volatility of raw material prices.
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