The forecast for the final consumption of coke oven coke in Italy's iron and steel sector shows a declining trend. In 2023, the consumption stood at approximately 507.00 thousand metric tons. For 2024, the expected value is 481.04 thousand metric tons, representing a reduction from the previous year. This downward trend is forecasted to continue through 2028, with year-on-year consumption showing decreases, primarily due to an expected decline in industrial demand and potential shifts toward alternative energy sources.
Future trends to watch for:
- The impact of energy transition policies on coke consumption as industries may move toward greener alternatives.
- Technological advancements in steel manufacturing that could further reduce the dependency on coke.
- Global economic conditions impacting steel production and, consequently, coke demand.
