Forecast: Raw Steel Production in Sweden

In 2023, Sweden's raw steel production stood at 4.67 million metric tons. The forecasted data for the years 2024 to 2028 shows a gradual decrease. In 2024, production is expected to be at 4.66 million metric tons, followed by 4.65 million metric tons in 2025 and 2026, and decreasing to 4.64 and 4.63 million metric tons in 2027 and 2028 respectively.

The year-on-year variations over the last two years indicate a minimal decline of approximately 0.02% annually. The compound annual growth rate (CAGR) over the five-year forecast period is expected to reflect a small negative trend, averaging a slight decline each year.

Trends to watch for in the future include advancements in steel production technology, potential shifts in global steel demand, and changes in environmental regulations that could impact production strategies and capacities.