The production in the manufacture of basic iron and steel sector in France stood at €16.48 billion in 2023. Historically, the sector has shown volatility, with significant fluctuations observed year-on-year. Notably, there was an 18.81% increase in 2017, a marked 13.92% decline in 2019, followed by an 18.42% drop in 2020. Over the last two years, production has marginally increased by 3.61% in 2023 and 5.87% in 2022. The average annual growth rate over the past five years is -0.16%, indicating a stagnation in the sector.

Future trends to watch for:

Technological advancements and their impact on production efficiency.
Global economic conditions affecting demand and prices.
Environmental regulations and sustainability measures influencing production methods.
Supply chain disruptions and their effects on production continuity.
Potential market diversification and expansion opportunities.