The solid fossil fuels final consumption in the UK’s iron and steel sectors shows a significant decline from 2024 to 2028. These forecasted values drop from 113.15 to 37.15 thousand tonnes of oil equivalent, marking a substantial annual reduction.

From 2024 to 2025, there is a significant decrease of approximately 17.3% year-on-year.
A similar decline continues through 2026, 2027, and 2028, yielding a compound annual growth rate (CAGR) of -25.0% over the five-year period.

Future trends to watch:

Transition towards renewable energy sources within the UK’s iron and steel industry to achieve sustainability goals.
Impact of governmental policies aimed at reducing carbon emissions on solid fossil fuels consumption.
Technological advancement and efficiency improvements in production processes.