Germany leads European sold production of iron, steel, and ferro-alloys, followed by Italy, both exceeding €18 billion. Finland and Spain are mid-level producers, contributing over €6 billion. Belgium experienced a significant increase in production with a 177.9% rise in 2023. Notable high-growth performers include Sweden (+18.36%), Austria (+12.41%), and France (+10.2%), despite Germany's slight decline at -2.02%. Conversely, Estonia (-24.64%) and Norway (-6.41%) experienced declines. The UK, a minor contributor, saw significant growth (+21.9%).
Future trends to watch:
- The shift towards green steel production and its impact on industry dynamics.
- Potential geopolitical influences on production and distribution channels.
- The effect of emerging technologies like automation on labor dynamics.
- Investment patterns in renewable energy within the industry.
Top countries in Sold Production of Iron, Steel and Ferro-Alloys by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 18,623,000,000 | 2023 | +6.73% | -2.02% | View data |
| 2 | 2 Italy | 18,323,000,000 | 2023 | +5% | +2.89% | View data |
| 3 | 3 Finland | 7,666,300,000 | 2023 | +6.31% | +6.89% | View data |
| 4 | 4 Spain | 6,322,000,000 | 2023 | +11.5% | -1.23% | View data |
| 5 | 5 Poland | 5,927,200,000 | 2023 | +3.35% | +1.42% | View data |
| 6 | 6 France | 5,667,900,000 | 2023 | +20.31% | +10.2% | View data |
| 7 | 7 Austria | 2,193,500,000 | 2023 | +6.59% | +12.41% | View data |
| 8 | 8 Hungary | 1,703,000,000 | 2023 | +5.01% | +3.47% | View data |
| 9 | 9 Czechia | 1,397,600,000 | 2023 | |||
| 10 | 10 Sweden | 1,397,000,000 | 2023 | +4.85% | +18.36% | View data |
