The forecast for natural gas final consumption in the UK's iron and steel sectors shows a steady decline from 2024 to 2028, with values decreasing from 189.7 to 101.15 thousand tonnes of oil equivalent. From 2023, consumption had already started to drop, indicating a continual downtrend. Year-on-year variation suggests significant yearly reductions, culminating in a compound annual growth rate (CAGR) that encapsulates a substantial average yearly decrease over this five-year forecast period.

Future trends to watch for include:

Technological advancements that may reduce natural gas dependency in the iron and steel sectors.
Policy changes promoting renewable energy sources over fossil fuels.
Potential economic shifts impacting industrial demand for natural gas.