The European Iron and Steel sector's consumption of solid fossil fuels shows a diverse landscape for 2023. Ukraine leads with substantial consumption, followed by Germany and Romania. Romania and Norway experienced positive yearly growth, while Bosnia and Herzegovina saw an extraordinary surge of over 63%. In contrast, Portugal and Luxembourg faced significant declines. Over the last five years, the sector has seen varied annual growth rates across different countries, with fluctuations due to economic, regulatory, and technological influences.
Looking ahead, the sector's future trends will likely be shaped by the European Green Deal, emphasizing decarbonization. Innovations in cleaner technologies and potential policy shifts towards sustainable energy sources could markedly influence fossil fuel consumption patterns, urging a transition to a more sustainable iron and steel production framework.
Top countries in Iron and Steel Sector Final Consumption of Solid Fossil Fuels Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Ukraine | 42.24 | 2023 | -4.06% | -2.97% | View data |
| 2 | 2 Germany | 12.32 | 2023 | +3.19% | -1.02% | View data |
| 3 | 3 Romania | 10.2 | 2023 | +0.86% | +2.06% | View data |
| 4 | 4 Italy | 5.3 | 2023 | -1.77% | -5.05% | View data |
| 5 | 5 Czech Republic | 4.85 | 2023 | +1.21% | +0.79% | View data |
| 6 | 6 Slovakia | 4.02 | 2023 | +1.72% | -2.12% | View data |
| 7 | 7 Norway | 3.37 | 2023 | +0.079% | +2.58% | View data |
| 8 | 8 Bosnia and Herzegovina | 2.78 | 2023 | +27.15% | +63.71% | View data |
| 9 | 9 Austria | 2.68 | 2023 | -0.0055% | +7.23% | View data |
| 10 | 10 Netherlands | 2.47 | 2023 | +5.47% | +0.51% | View data |
