The market for Pig Iron and Spiegeleisen in primary forms in France has experienced a significant decline over the past decade, with volume decreasing from 105.5 million kilograms in 2013 to 37.542 million kilograms in 2023. The year-on-year decline has been more pronounced in recent years, with a decrease of 12.99% in 2023. The compound annual growth rate (CAGR) over the last five years stands at -10.73%, reflecting a continued downward trend.
Looking ahead, key trends to watch include:
- Potential impacts of European Union environmental policies on the iron and steel industry
- Technological advancements that might influence production efficiency and output
- Changes in global steel demand, particularly from emerging markets