Forecast: Sold Production of Flat-Rolled Products of Alloy Steel Other than Stainless of a Width Less than 600 mm Not Further Worked than Hot-Rolled in Germany

In 2023, the production of flat-rolled products of alloy steel other than stainless with a width less than 600 mm, not further worked than hot-rolled in Germany, stood at 239.17 million kilograms. From 2024 onwards, the forecast shows steady growth: 262.06 million kg in 2024, 286.12 million kg in 2025, 309.94 million kg in 2026, 333.53 million kg in 2027, reaching 356.88 million kg by 2028. This indicates a consistent year-on-year increase, reflecting positive market demand.

The compound annual growth rate (CAGR) from 2024 to 2028 is projectively approximately 8.1%, signaling robust industry expansion. Future trends to watch for include technological advancements in production, shifts in global steel demand, and economic indicators that could impact growth rates. Adopting sustainable practices and innovations could further affect the supply chain and output levels.