By 2023, the production of cold drawn steel bars in Germany was recorded at approximately 620 million kilograms. Forecast data for 2024-2028 suggest a year-on-year decline in production: a 2.32% decrease from 2024 to 2025, followed by 2.35% from 2025 to 2026, 2.39% from 2026 to 2027, and 2.42% from 2027 to 2028. Over this five-year period, the compound annual growth rate (CAGR) reflects an average annual decline of about 2.40%.
Future trends to watch include technological advancements in steel manufacturing which may increase efficiency and output. Additionally, monitoring the global economic climate and its impact on international trade agreements impacting steel demand and energy costs remain crucial.
