In 2023, Germany led the European basic iron, steel, and ferro-alloys production value with 31.83 billion Euros, representing a decline of 4.8% from the previous year. Italy and Belgium followed, but Italy saw a larger drop of 6.26%. France experienced a significant downturn of 9.32%, while Serbia and Malta showed notable growth with increases of 23.26% and 45.41%, respectively. Conversely, countries like Greece and Bulgaria saw sharp declines exceeding 10%. The Compound Annual Growth Rate (CAGR) over the past five years indicates a mixed market, with both growth and contraction across different countries.
Looking forward, key trends to observe in the European market include the growing emphasis on green steel production due to environmental regulations, shifts in global demand influencing exports, and technological advancements aimed at improving efficiency. Additionally, geopolitical factors and trade policies may play a significant role in shaping future production values across the continent.
Top countries in Basic Iron, Steel and Ferro-Alloys Production Value by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 31,830 | 2023 | +2.08% | -4.8% | View data |
| 2 | 2 Italy | 21,250 | 2023 | +2.81% | -6.26% | View data |
| 3 | 3 Belgium | 9,380 | 2023 | +3.8% | -2.11% | View data |
| 4 | 4 France | 9,220 | 2023 | +1.21% | -9.32% | View data |
| 5 | 5 Spain | 8,770 | 2023 | +0.58% | -8.34% | View data |
| 6 | 6 United Kingdom | 8,680 | 2023 | -0.18% | -1.13% | View data |
| 7 | 7 Austria | 8,540 | 2023 | +4.37% | -0.94% | View data |
| 8 | 8 Poland | 6,110 | 2023 | +3.7% | -4.21% | View data |
| 9 | 9 Sweden | 5,490 | 2023 | +1.66% | -4.76% | View data |
| 10 | 10 Finland | 4,470 | 2023 | -0.42% | -0.83% | View data |
