The turnover in the Belgian Manufacture of Basic Iron and Steel Sector showed fluctuations from 2013 to 2023, starting at 9.99 billion Euros and peaking in 2018 at 12.95 billion Euros. Recent years witnessed a decline, with the turnover in 2023 standing at 9.92 billion Euros. The sector often experienced significant year-on-year variations, including a steep drop of 21.08% in 2020, while the Compound Annual Growth Rate (CAGR) over the last five years indicated a negative trajectory of -5.19%, showcasing a challenging period.

Future trends to watch for:

Slight decrease in turnover with a forecasted CAGR of -0.65% from 2024 to 2028.
Potential impacts of technological advancements and sustainability trends on production efficiency.
Global economic conditions and demand fluctuations in steel-dependent industries.