In 2023, the value added by the iron and steel industry in Germany stood at €12.18 billion. Forecasts for 2024 to 2028 indicate a slight annual decline, with an estimated annual average decrease of approximately 0.60%. Specifically, this sector is projected to see its value added decrease from €12.1 billion in 2024 to €11.79 billion by 2028. This projected trend illustrates the challenges facing the industry, such as competitive pressures and potentially decreasing demand.

Future trends to watch for in the German iron and steel industry include:

The impact of energy transition policies on production costs.
Shifts in global demand, especially from key importers such as China and the U.S.
Technological advancements in steelmaking and potential breakthroughs in carbon-neutral processes.
Effects of economic policies on trade and local manufacturing incentives.