The production of Iron, Steel, and Ferro-Alloys in Austria saw varying trends over the past decade. From 2013 to 2017, the production was generally increasing with a notable peak in 2017. However, 2018 witnessed a steep decline of 33.84% year-on-year. Since then, the production has been gradually recovering with moderate annual growth. In 2023, the production stood at 2.4848 Billion Kilograms, reflecting a 4.56% year-on-year increase and a 4.95% CAGR for the preceding five years. The forecast from 2024 onwards suggests a steady growth trend, culminating in a projected 3.04% CAGR over the next five years.
Future trends to watch for include potential impacts of global supply chain adjustments, technological advancements in production, sustainability initiatives, and shifts in demand due to economic changes. Monitoring these factors will be crucial to understanding and anticipating market movements in the iron, steel, and ferro-alloy industry in Austria.
