Forecast: Natural Gas Final Consumption in Iron and Steel Sectors in Italy

The final consumption of natural gas in the Italian iron and steel sectors was recorded at 12.8 thousand gigawatt-hours in 2023. A forecasted gradual decrease is anticipated from 2024 to 2028, with consumption values diminishing slightly each year from 12.63 in 2024 to 12.07 in 2028. The year-on-year percentage variations indicate a consistent downtrend between these years, highlighting a sustained decrease in natural gas usage after 2023. The compound annual growth rate (CAGR) suggests an average decline over this 5-year period.

Future trends to watch for include:

  • Technological advancements in energy efficiency within the industry.
  • Policy shifts towards greener manufacturing processes.
  • Potential economic impacts from energy price fluctuations and supply chain changes.

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