As of 2023, the electricity consumption of Iron and Steel sectors in Germany stood at 23.18 thousand Gigawatthours. The forecasted data indicates a declining trend from 2024 to 2028, with consumption decreasing from 22.89 to 21.72 thousand Gigawatthours. This reveals a consistent year-on-year decrease averaging around 1.38%. The Compound Annual Growth Rate (CAGR) over this period indicates a steady annual decrease of approximately 1.58%.

Future trends to watch for include:

Technological advancements in steel production potentially reducing electricity consumption.
Increasing pressure from regulatory bodies on carbon emissions might lead to cleaner, more energy-efficient methods reducing consumption further.
Shifts in global steel demand affecting production and, consequently, electricity needs.