The production value of basic iron, steel, and ferro-alloys in Poland has exhibited noteworthy fluctuations over the past decade. After hitting a low in 2016, the value peaked in 2018 but then experienced a decline again. As of 2023, the value stood at 6.11 billion Euros, showing a modest growth of 3.7% year-on-year from the previous year. Over the past five years, the industry has seen an annual growth rate (CAGR) of -1.86%, indicating overall contraction. However, the forecast for the upcoming years through 2028 predicts marginal growth, with an average annual increase pegged at 0.1%.
Future trends to watch for:
• Emerging technologies in production processes. • Fluctuations in raw material costs. • Global economic conditions influencing market demand. • Environmental regulations affecting production strategies.
