The European Iron and Steel Sector's final consumption of heat shows significant geographical disparities. As of 2024, Ukraine leads with a wide margin at 65 terajoules, followed by Italy with 10.11 terajoules. Countries like Finland and Poland follow with 5.22 and 4.77 terajoules respectively. Smaller consumers such as Latvia, Bulgaria, and Lithuania report minimal use.
Year-over-year variations indicate notable shifts. Italy surged by 15.04%, France by 9.54%, and Macedonia by an impressive 30.86%. On the contrary, Ukraine and Poland slightly declined, and Latvia dropped significantly by 7.18%. Long-term trends will require monitoring how geopolitical and economic factors influence dominant players like Ukraine and the capacity expansion in countries like Italy.
Future trends highlight the need to watch the rapid growth in specific countries, potential shifts due to energy policies, and technological advancements that could alter heat consumption patterns across Europe’s Iron and Steel Sector.
Top countries in Iron and Steel Sector Final Consumption of Heat Share by Country (Terajoules)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Ukraine | 65 | 2023 | +0.0082% | -1.41% | View data |
| 2 | 2 Italy | 10.11 | 2023 | +9.6% | +15.04% | View data |
| 3 | 3 Finland | 5.22 | 2023 | +2.78% | +1.41% | View data |
| 4 | 4 Poland | 4.77 | 2023 | +4.48% | -1.37% | View data |
| 5 | 5 Czech Republic | 4.68 | 2023 | +8.92% | +3.66% | View data |
| 6 | 6 Serbia | 3.79 | 2023 | +7.19% | -2.09% | View data |
| 7 | 7 Germany | 1.87 | 2023 | -0.92% | +0.4% | View data |
| 8 | 8 Hungary | 1.54 | 2023 | +1.85% | -0.88% | View data |
| 9 | 9 Sweden | 1.32 | 2023 | +2.59% | View data | |
| 10 | 10 France | 0.81 | 2023 | +2.43% | +9.54% | View data |
