In 2023, electricity final consumption in Italy's iron and steel sectors stood at approximately 66.5 thousand terajoules. Forecasting through 2028 suggests a gradual decline in consumption, with annual decreases of around 0.32% from 2024 through 2028. The Compound Annual Growth Rate (CAGR) indicates a slight downturn trend of approximately 0.31% annually over these years.
Future trends to watch include:
- Technological advancements in energy efficiency, potentially reducing consumption further.
- The impact of regulatory changes on energy use in heavy industries.
- Shifts in the global demand for steel which might influence production levels and, consequently, energy consumption.