Forecast: Production of Iron and Steel in Germany

The production of Iron and Steel in Germany has shown fluctuations over the past decade. From 2013 to 2023, the industry experienced both declines and rebounds. In 2016, there was a significant drop of 8.61%, followed by a notable recovery in 2017 with a 16.36% increase. Recently, the industry saw a moderate growth rate with a 0.23% increase in both 2022 and 2023. As of 2023, the production value stood at 57.53 Billion Euros. Over the last two years, the industry has stabilized with a minor, steady growth in values. The five-year CAGR from 2019 to 2023 was -1.46%.

Future trends to watch for include:

• Technological advancements in steel production processes.
• Global demand shifts and economic conditions affecting steel demand.
• Environmental regulations and sustainability initiatives impacting production methodologies.
• Forecast indicates a gradual and consistent growth with a five-year CAGR of 0.19% projected from 2024 to 2028.