The production value of basic iron, steel, and ferro-alloys in France experienced fluctuations over the past decade, with significant variances each year. From 2013's 11.67 billion Euros, the figure dipped substantially to 8.72 billion Euros by 2021. Notably, there was a growth trend in 2017 and 2018, peaking at 15.04 billion Euros in 2018, but this was followed by a sharp decline. As of 2023, the production value stood at 9.22 billion Euros. The last two years showed minimal positive variation, with 2022 and 2023 experiencing increases of 4.44% and 1.21% respectively.
Future forecasts indicate a continued downward trend, with a projected production value of 7.47 billion Euros by 2028. The compound annual growth rate (CAGR) for the next five years is estimated to be -3.36%, reflecting an overall decline.
Trends to watch for in the future include potential disruptions or advancements in technology that may affect production efficiency, shifts in global demand for steel and ferro-alloys, and the impact of sustainable production practices and environmental regulations on the industry.
