In 2023, the natural gas consumption in the UK's iron and steel sectors was [insert 2023 value]. From 2024 onwards, forecasts indicate a consistent decline in usage. The consumption is expected to drop by 12.22% from 2024 to 2025. A further decrease of 13.40% is projected from 2025 to 2026. In 2027, a reduction of 14.88% is anticipated, followed by a final drop of 17.48% in 2028. Overall, the compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is -14.86%.

Future trends to watch for include:

Technological advancements in energy-efficient steel production processes.
Regulatory pressures driving a shift towards renewable energy sources.
Potential economic factors influencing production and energy consumption patterns in steel manufacturing.