In 2023, the final consumption of renewables and biofuels in the iron and steel sectors in France was below the forecasted 2.66 thousand tonnes of oil equivalent for 2024. This shows a consistent growth trend, with projected increases of around 3% annually from 2024 to 2028, leading to an estimated consumption of 2.96 in 2028. The Compound Annual Growth Rate (CAGR) over these five years is approximately 2%.

Future trends to watch for:

Increased regulatory pressures on carbon emissions may accelerate the adoption of renewables
Technological advancements could influence the efficiency of biofuels usage
Market dynamics in the global steel industry could affect consumption patterns