Forecast: Sold Production of Iron, Steel and Ferro-Alloys in Finland

The production of iron, steel, and ferro-alloys in Finland saw considerable fluctuations from 2013 to 2023. After a decline in 2013, production generally increased, reaching 3.1323 billion kilograms in 2023. Notably, 2015 experienced a significant year-on-year growth of 35.46%, followed by a continued rise with a few minor setbacks, such as in 2019 and 2020. The compound annual growth rate (CAGR) for the period from 2019 to 2023 was approximately 3.01%.

Future trends to watch for include:

  • Forecasted steady growth in production, with a 5-year CAGR of 3.57% leading to 2028.
  • Expected production volume reaching 3.9266 billion kilograms by 2028, indicating a long-term positive growth trajectory.
  • Monitoring economic and environmental factors influencing iron, steel, and ferro-alloy production could provide insights into potential disruptions or accelerations in this forecasted growth.

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