The production of iron, steel, and ferro-alloys in Spain showed considerable growth from 2013 to 2017, with notable year-on-year increases, reaching a peak in 2017. Subsequently, a slight decline occurred until 2020, when the COVID-19 pandemic led to a significant drop. Production rebounded strongly in 2022 with a 19.07% increase. As of 2023, production stands at 27.988 billion kilograms, marking a 7.65% year-on-year growth, backed by a 1.86% CAGR over the last five years.
Looking forward, forecast data indicates a continued upward trend with production expected to reach 32.865 billion kilograms by 2028, reflecting a forecasted 5-year CAGR of 2.55% and a total growth rate of 13.39% over this period. Key trends to watch for include advancements in production technology, shifts in global demand, regulatory impacts, and sustainable practices within the industry.
