The production value in the manufacture of basic iron and steel sector in Italy is forecasted to decline consistently from 28.68 billion Euros in 2024 to 25.98 billion Euros in 2028. This indicates a steady downward trend, showing a noticeable decrease in production value over the five-year period. From 2024 to 2025, the production value is expected to decline by approximately 2.41%, continuing at similar rates annually. This trend reflects an annualized decline at a compound annual growth rate (CAGR) of around 2.49% over these years, suggesting diminishing output or pricing power in this sector.
Future trends to watch for include potential influences from global economic conditions, environmental regulations affecting steel production, advancements in technology enhancing production efficiency, and shifts in demand due to infrastructure development projects. Monitoring these elements will be essential to anticipate further changes in this sector's trajectory.