Forecast: Electricity Final Consumption in Iron and Steel Sectors in Italy

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.

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