In Germany, the iron and steel scrap remelted ingots market has shown a consistent decline from 2013 to 2023, reaching 333.75 million kilograms in 2023. The year-on-year decreases in recent years include -6.36% from 2021 to 2022 and -3.15% from 2022 to 2023. Over the last five years, the compound annual growth rate stands at -3.01%, indicating a prolonged downward trend.
Future trends to watch for include:
- Potential stabilization or recovery post-2023, depending on economic conditions and demand in key industries.
- Technological advancements in recycling and remelting processes which may drive efficiency and output.
- Environmental regulations impacting the sourcing and processing of raw materials.
