The forecast shows a gradual decline in the final consumption of blast furnace gas within Germany's iron and steel sectors from 2024 to 2028, starting at 14.23 thousand gigawatt-hours in 2024 and decreasing to 13.22 thousand gigawatt-hours by 2028. In 2023, this consumption stood essentially slightly higher than the 2024 level. The year-on-year decline is moderate, reflecting an average Compound Annual Growth Rate (CAGR) that reveals a steady reduction in blast furnace gas usage in the industry.
Future trends to watch for include technological advancements in steel production that may further decrease blast furnace gas usage, the push towards sustainability and reduced carbon emissions, and the potential economic factors influencing energy consumption in the iron and steel sectors.
