In 2024, Ukraine leads in heat consumption in the iron and steel sector with 64.9 GWh, despite a slight decline of 1.41% in 2023. Italy follows with significant growth of 15.08% from the previous year. Increases in Finland (1.32%) and the Czech Republic (2.37%) indicate a stable or strengthening demand, while other countries like Poland and Serbia show slight reductions. Germany and France see modest positive changes, while Macedonia reports the highest surge at 33.25%. The trend reflects varying regional dynamics influenced by industrial activities, energy policies, and market conditions.
Future trends to watch include Italy’s upward trajectory, potentially indicating a bolstering of iron and steel production capacities. Monitoring Ukraine’s significant share despite negative growth and Macedonia’s surprising jump could provide insights into market adjustments. Regional energy transitions and economic environments will be critical in shaping future consumption patterns.
Top countries in Heat Final Consumption in Iron and Steel Sectors Share by Country (Gigawatthours)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Ukraine | 64.9 | 2023 | +0.0085% | -1.41% | View data |
| 2 | 2 Italy | 10.11 | 2023 | +9.6% | +15.08% | View data |
| 3 | 3 Finland | 5.19 | 2023 | +2.79% | +1.32% | View data |
| 4 | 4 Poland | 4.9 | 2023 | +4.64% | -0.82% | View data |
| 5 | 5 Czech Republic | 4.39 | 2023 | +5.74% | +2.37% | View data |
| 6 | 6 Serbia | 3.78 | 2023 | +7.19% | -2.09% | View data |
| 7 | 7 Germany | 1.9 | 2023 | -0.29% | +0.7% | View data |
| 8 | 8 Hungary | 1.47 | 2023 | -0.0075% | -1.7% | View data |
| 9 | 9 Sweden | 1.31 | 2023 | +2.35% | View data | |
| 10 | 10 France | 0.81 | 2023 | +2.8% | +9.6% | View data |
