The forecast for Blast Furnace Gas available for final consumption in the UK shows a significant and consistent decline from 2024 to 2028, with values steadily decreasing each year. The negative figures indicate a reduction in availability. Year-on-year, there is a notable percentage decrease, with the rate of decline growing over time. The Compound Annual Growth Rate (CAGR) over the five-year forecasted period from 2024 to 2028 suggests a substantial average annual reduction in blast furnace gas availability. As of 2023, the availability was not provided, but the trend points towards a continued decrease.
Future trends to watch for include:
- Technological advancements in blast furnace efficiency, potentially mitigating gas reduction.
- Policy changes promoting alternative energy sources impacting the demand and availability of blast furnace gas.
- Global steel industry trends influencing UK blast furnace operations.
