The basic iron, steel, and ferro-alloys turnover in Austria saw varied performance over the last decade, with notable fluctuations. The peak in 2019 at 9.98 Billion Euros marked a high point, followed by a downturn in 2020. By 2023, the turnover stood at 8.9 Billion Euros. The 2022-2023 year-on-year variation was 4.37%, while the CAGR over the past five years leading to 2023 was -0.49%. Looking forward, the 5-year CAGR forecast till 2028 is 1.41%, indicating steady, albeit modest, growth. Future trends to watch include advancements in industry technology, sustainability initiatives, and global economic factors influencing the steel market.
