Analyzing the forecast for the sold production of I-sections with a web height of 80mm or more of non-alloy steel in Italy from 2024 to 2028, it is evident that there is a consistent downward trend. Starting from 134.4 million kilograms in 2024, a decrease is observed annually, reaching 82.338 million kilograms by 2028. In 2023, the production was approximately 147.5 million kilograms, highlighting a decline year-on-year of about 9% to 11%. This continual reduction results in an average compound annual growth rate (CAGR) of approximately -11% over the given period.
Future trends to watch for:
- Global and regional economic conditions that could affect demand.
- Technological advancements in steel production that might alter market dynamics.
- Potential regulatory changes in environmental policies impacting production practices.
- Shifts in construction and infrastructure development, influencing steel demand.
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