Forecast: Basic Iron, Steel and Ferro-Alloys Turnover in Germany

In 2023, the turnover for basic iron, steel, and ferro-alloys in Germany was recorded at 31.46 billion euros. Forecasted figures indicate a gradual decline in turnover from 2024 through 2028, with values decreasing from 30.94 billion euros in 2024 to 28.87 billion euros in 2028. This reflects a consistent downward trend, with year-on-year percentage changes averaging around -1% annually. The compound annual growth rate (CAGR) over this period suggests an average decrease of approximately -1.7% per year.

Looking ahead, key trends to monitor include advancements in sustainable metallurgy, evolving demand for eco-friendly steel products, and shifts in global trade policies. Emphasis on renewable energy and carbon-neutral production processes may also impact the market dynamics significantly.

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