In 2023, the European electricity consumption in the iron and steel industry saw Germany, Italy, and Ukraine as the highest consumers. On a year-on-year basis, noticeable declines occurred, particularly in Germany and Ukraine. However, Finland and Serbia showed moderate growth. Over the past five years, the compound annual growth rate indicates a general tendency towards reduced electricity consumption, primarily driven by technological improvements and energy efficiencies.
Future trends to watch include increased implementation of green technologies, impacting energy consumption patterns, and potential geopolitical changes affecting supply chains, particularly in countries like Ukraine and Moldova. Watch for evolving energy policies and technological innovations shaping the industry.
Top countries in Electricity Final Consumption in Iron and Steel Sectors by Country
| # | 10 Countries | Gigawatthours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 23,190 | 2023 | -1.28% | -2.52% | View data |
| 2 | 2 Italy | 18,690 | 2023 | +2.49% | -0.23% | View data |
| 3 | 3 Ukraine | 14,710 | 2023 | -2.79% | -3.6% | View data |
| 4 | 4 Spain | 14,210 | 2023 | +3.54% | -1.25% | View data |
| 5 | 5 France | 12,890 | 2023 | +5.14% | -1.45% | View data |
| 6 | 6 Poland | 6,050 | 2023 | -0.28% | -2.38% | View data |
| 7 | 7 Norway | 5,030 | 2023 | -1.24% | -1.36% | View data |
| 8 | 8 Finland | 4,830 | 2023 | +1.66% | +2.38% | View data |
| 9 | 9 Sweden | 4,320 | 2023 | -0.55% | -1.28% | View data |
| 10 | 10 Belgium | 4,100 | 2023 | -0.38% | -1.76% | View data |
