The turnover for basic iron, steel, and ferro-alloys in Italy has seen notable fluctuations over the past decade. After peaking at 28.14 billion Euros in 2018, there has been a general downward trend with minor recoveries, achieving 20.46 billion Euros in 2023. Year-on-year changes were significant, such as a 34.38% increase in 2017 and a 15.49% decrease in 2020. The past two years showed moderate recovery rates of 4.02% in 2022 and 2.2% in 2023.
From 2024 onward, forecasts indicate a continued decline with a forecasted CAGR of -0.77% over five years, leading to a predicted turnover of 19.49 billion Euros by 2028. This represents an aggregate reduction of 3.8% over that period. Considering the average annual variation, the sector appears to be stabilizing but under persistent downward pressure.
Future trends to watch for include potential impacts from global steel demand shifts, technological advancements in production, and policies aimed at reducing carbon emissions within the steel industry. The ability of Italian producers to adapt to these changes will be crucial for market dynamics moving forward.
