In 2023, business enterprise R&D expenditure in Italy's manufacture of basic iron and steel, and casting of iron and steel stood at 84 million euros. The forecast data predict a steady increase from 84.28 million euros in 2024 to 86.07 million euros by 2028. This reflects a consistent yearly growth rate of around 0.45% over the period.
Future trends to watch for include:
- Potential impacts of green technologies on steel production.
- Legislative changes influencing R&D investment.
- Economic conditions affecting industrial demand.
- The role of global market dynamics in shaping local R&D priorities.
