In 2023, Germany led European electricity consumption in the iron and steel sector with a notable share. It experienced a decline of -2.52% from the previous year. Italy and Ukraine followed, both seeing slight declines. Conversely, Finland saw a positive variation of 2.32%, while Malta registered a substantial increase of 103.23%. The UK and Romania faced significant reductions of -7.6% and -6.44%, respectively. Over the last five years, the sector's electricity consumption trend was mixed, indicating varied industrial activities across countries.
Future trends to watch include the impact of energy transition policies and the adoption of greener technologies, which could lead to more efficient electricity usage in the iron and steel sectors, potentially altering consumption patterns across Europe.
Top countries in Electricity Final Consumption in Iron and Steel Sectors Share by Country (Terajoules)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 17.34 | 2023 | -1.28% | -2.52% | View data |
| 2 | 2 Italy | 13.82 | 2023 | +2.22% | -0.46% | View data |
| 3 | 3 Ukraine | 11 | 2023 | -2.79% | -3.6% | View data |
| 4 | 4 Spain | 10.79 | 2023 | +4% | -0.94% | View data |
| 5 | 5 France | 9.64 | 2023 | +5.14% | -1.45% | View data |
| 6 | 6 Poland | 4.59 | 2023 | +0.23% | -2.08% | View data |
| 7 | 7 Norway | 3.77 | 2023 | -1.24% | -1.36% | View data |
| 8 | 8 Finland | 3.61 | 2023 | +1.54% | +2.32% | View data |
| 9 | 9 Sweden | 3.23 | 2023 | -0.53% | -1.26% | View data |
| 10 | 10 Belgium | 3.06 | 2023 | -0.38% | -1.76% | View data |
