The German basic iron and steel manufacturing sector is forecasted to see a decline in the number of enterprises from 2024 to 2028. Starting at 938 enterprises in 2024, there is an anticipated decrease of roughly 20 enterprises each subsequent year, reaching 857 by 2028. Compared to 2023, where data isn't explicitly provided but should have been slightly higher, this represents a consistent reduction year-on-year. Over the five-year forecasted period, this translates to a compound annual growth rate (CAGR) indicating a modest decline.
Future trends to consider include the impact of technological advancements and sustainability initiatives, which may further consolidate the number of enterprises. Observing international competition and raw material costs will also be critical as they could accelerate or stabilize these trends.