The forecast for blast furnace gas final consumption in the iron and steel sectors in Germany indicates a gradual decline from 2024 to 2028. Starting from 51.22 thousand terajoules in 2024, consumption is expected to decrease year-on-year by an average of 2.83% per annum, reaching 47.59 thousand terajoules by 2028. This successive reduction highlights a shrinking dependency or optimisation of blast furnace gas within these industries compared to its standing in 2023.
Future trends to watch for include:
- The impact of new governmental policies and regulations aimed at promoting sustainability and reducing carbon emissions within the iron and steel industries.
- Technological advancements in alternative energy sources or production methods that could further reduce reliance on blast furnace gas.
- Fluctuations in the global iron and steel market that might influence production levels and, subsequently, blast furnace gas consumption.