The market size of Non-Alloy Steel Ingots and Long Semi-Finished Products in Romania, in 2023, was valued at 340.17 million euros. The market faced fluctuations over the past decade, witnessing growth until 2014, followed by a consistent decline until 2018. A recovery phase appeared from 2019 to 2021, culminating in slight contractions from 2022 to 2023. The year-on-year decline in 2023 was 3%, with an average annual contraction rate (CAGR) of 1.37% over the previous five years.
Future trends to watch include advances in lightweight materials, increased demand in construction and automotive sectors, and potential geopolitical impacts affecting trade and raw material prices.
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