Non-Alloy Steel Flat-Rolled Products at Most 600 Mm in Width Not Further Worked than Hot-Rolled Market Size Volume in Portugal

The non-alloy steel flat-rolled products market in Portugal, limited to widths not exceeding 600 mm and processed no further than hot-rolled, has experienced a consistent downward trend in volume. From 2013’s 62.224 million kilograms, the market diminished significantly to 25.262 million kilograms by 2023. This decline marks a steady year-on-year decrease, accentuated in recent years with a noted 12.58% drop in 2023. The compounded annual growth rate (CAGR) over the last five years shows an average annual contraction of approximately 10.4%, highlighting ongoing challenges within the sector.

Future trends to watch for include:

• Potential recovery or stabilization in volume as global supply chains adjust post-pandemic.
• Impact of technological advancements and alternative materials which could influence demand.
• Governmental and environmental regulations affecting production and market dynamics.
• Market movements due to shifts in European steel consumption patterns and trade policies.