The forecast for the iron and steel sector's consumption of hard coal in the UK shows a steadily declining trend from 2024 to 2028. Starting at 23.96 thousand metric tons in 2024 and decreasing each year to 20.02 thousand metric tons in 2028, this trend indicates a persistent reduction in coal dependence within this industry. In 2023, the actual consumption stood higher, exhibiting a clear downward trajectory in recent years.

Year-on-year, the data predicts an average percentage decrease of approximately 4-5% annually. The compound annual growth rate (CAGR) over the five years from 2024 to 2028 reveals an average annual reduction in consumption, underlining a declining reliance on hard coal.

Future trends to watch for:

Transition from coal to greener energy sources driven by environmental policies and technological advancements.
Potential investments in cleaner production techniques impacting the sector's fuel choices.
Possible regulatory changes accelerating the shift away from coal.