The forecasted sold production of flat rolled products of non-alloy steel wider than 600 mm in Germany is expected to see a steady growth from 2024 to 2028. In 2023, the reported value stood at 3.953 billion kilograms. The year-on-year growth in sold production is consistent, with a gradual percentage increase observed annually: 1.56% in 2025, 1.52% in 2026, 1.49% in 2027, and 1.45% in 2028. On average, the compound annual growth rate (CAGR) for this period is approximately 1.5%.
Future trends to watch for include:
- Technological advancements in steel production that may impact efficiency and output.
- Fluctuations in global demand for steel, driven by construction or automotive sectors.
- Regulatory changes affecting environmental standards in the steel industry.
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