The forecast for fossil energy consumption in the UK iron and steel sectors from 2024 to 2028 indicates a downward trend. Starting at 4.26 thousand Gigawatthours in 2024 and declining gradually to 1.23 thousand Gigawatthours by 2028, the figures show a year-on-year percentage decrease of approximately 22% in 2025, 22% in 2026, 28% in 2027, and 37% in 2028. The compound annual growth rate, reflecting the average annual decrease over this period, is approximately -28%.

Future trends to watch for:

Impact of technological advancements in energy efficiency and alternative fuel adoption in iron and steel production.
Regulatory changes targeting carbon emissions and their potential acceleration of the transition to greener energy sources.
Economic factors affecting the demand for steel and consequent energy consumption.