The electricity final consumption in the UK's iron and steel sector is projected to decrease consistently from 2024 to 2028. Starting at 1.54 TWh in 2024, it drops to 0.842 TWh by 2028, marking a steady downward trend. This clear decline indicates significant operational or efficiency changes within the industry, possibly shifting towards more sustainable practices or improved energy efficiency. The consumption level in 2023 was higher than the forecasted 2024 level, indicating a year-on-year decrease.
Future trends to watch for include the impact of government policies on industry practices, technological advancements in energy efficiency, and shifts in global demand for steel, which could further influence electricity consumption in this sector.
