The final consumption of electricity in France's iron and steel sector is projected to show a slight upward trend from 2024 to 2028, with consumption expected to rise from 12.95 to 13.18 thousand gigawatthours. In 2023, the actual consumption was slightly below the 2024 forecast value, indicating a steady increase. The year-on-year growth is relatively modest, underlining a steady but slow increase in electricity demand. Over the five-year forecast period, the compound annual growth rate (CAGR) reflects consistent but minimal growth, suggesting a stable yet constrained demand trajectory for electricity in this sector.
In terms of future trends to watch, the iron and steel sector's electricity consumption could be influenced by technological advancements aiming at energy efficiency, the transition towards low-carbon manufacturing processes, and broader economic factors such as changes in production levels or regulatory pressures related to environmental sustainability.
