In 2023, the final consumption of coke oven coke in the UK's iron and steel sectors stood at approximately 1.37 thousand gigawatthours. Forecasts from 2024 to 2028 suggest a significant declining trend. From 2024 to 2028, consumption is expected to decline each year, highlighting a substantial reduction in reliance on coke oven coke by the iron and steel sectors, with year-on-year decreases accelerating over the period. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is negative, underscoring an average annual reduction.
Future trends to watch for:
- Continued decline in coke consumption due to increased emphasis on sustainable practices and technological advancements in steel production.
- Potential shifts towards alternative energy sources or materials that could further reduce coke usage.
- Policy and regulatory changes aimed at reducing carbon emissions could accelerate the transition away from coke.