Forecast: Sold Production of Hot-Drawn or Extruded Open Sections of Non Alloy Steel (Not Further Worked than Hot Rolled) in Germany

In 2024, the forecasted production of hot-drawn or extruded open sections of non-alloy steel in Germany is 2.1901 billion kilograms. Compared to 2023, this represents a decrease as past data suggested that production levels were slightly above this figure in the preceding years. The data from 2024 to 2028 shows a downward trend, with production expected to decline annually. Year-on-year percentage decreases are evident, with significant reductions every year, leading to a cumulative drop in production by 2028. The compound annual growth rate (CAGR) calculation reveals the average annual decline over these five years.

In terms of future trends, it will be important to watch for shifts in demand, technological advancements in production efficiencies, and environmental regulations. These factors could mitigate the downward production trend or alternatively, exacerbate it depending on developments in the steel industry and broader economic conditions in Germany.