In 2023, the production of uncoated cold-rolled sheet, plate, and strip of steel in Germany, excluding stainless steel, stood at 1.3305 Billion Kilograms. Forecasted data from 2024 to 2028 indicates a gradual decline in production volume from 1.3132 to 1.2449 Billion Kilograms, reflecting a steady decrease each year.
The year-on-year decrease in value from 2023 to 2024 is approximately 1.3%. Similarly, between 2027 and 2028, the production volume is expected to drop by about 1.33%. Over the five-year forecast period, the compound annual growth rate (CAGR) is around -1.0%.
Future trends to watch for include potential shifts in industrial demand, technological advancements in steel manufacturing, and policy changes affecting production and environmental standards. Monitoring these factors will be crucial in anticipating further changes in production levels.
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