In 2023, the heat final consumption in the Iron and Steel sectors in Germany was XX thousand tonnes of oil equivalent. From 2024 onwards, a slight downward trajectory is observed, starting with 34.27 in 2024 and tapering to 34.24 by 2028. The year-on-year consumption decrease between 2024 and 2025 is minimal, reflecting a stable demand pattern which continues through 2028. However, the compound annual growth rate over the five-year forecast period indicates an almost negligible decline, suggesting controlled consumption through efficiency improvements and technological advancements in the sector.
Future trends to watch include:
- The adoption of alternative energy sources and enhanced energy efficiency measures in the sector.
- Regulatory pressures and environmental policies encouraging reduced fossil fuel consumption.
- Potential shifts in production volume due to economic and trade factors affecting the demand for Iron and Steel.
