In 2023, Germany led European basic iron, steel, and ferro-alloys production value share at 25.02 million euros, followed by Italy (16.7 million euros), and Belgium (7.37 million euros). Notable declines included France (-9.32%) and Bulgaria (-10.15%), while Serbia and Malta showed resilience with 23.26% and 45.41% increases, respectively. Over recent years, Germany, Italy, and Belgium saw consistent production, but regional variance affected overall stability.
Future trends to watch for include:
- Technological advancements and shifts to eco-friendly production methods.
- Market consolidation due to rising energy and raw material costs.
- Due diligence on regulatory changes impacting production dynamics in the EU.
- Growing emphasis on recycling and sustainable resource use.
Top countries in Basic Iron, Steel and Ferro-Alloys Production Value Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 25.02 | 2023 | +2.08% | -4.8% | View data |
| 2 | 2 Italy | 16.7 | 2023 | +2.81% | -6.26% | View data |
| 3 | 3 Belgium | 7.37 | 2023 | +3.8% | -2.11% | View data |
| 4 | 4 France | 7.25 | 2023 | +1.21% | -9.32% | View data |
| 5 | 5 Spain | 6.9 | 2023 | +0.58% | -8.34% | View data |
| 6 | 6 United Kingdom | 6.82 | 2023 | -0.18% | -1.13% | View data |
| 7 | 7 Austria | 6.72 | 2023 | +4.37% | -0.94% | View data |
| 8 | 8 Poland | 4.8 | 2023 | +3.7% | -4.21% | View data |
| 9 | 9 Sweden | 4.31 | 2023 | +1.66% | -4.76% | View data |
| 10 | 10 Finland | 3.51 | 2023 | -0.42% | -0.83% | View data |
