European Production of Iron and Steel by Country

Germany continues to lead European iron and steel production with a forecasted value of €57.53 billion in 2024, albeit showing a slight decline of -1.46% between 2022 and 2023. Italy follows with €42.75 billion, also experiencing a minor decrease of -0.62%. France, with a value of €22.35 billion, saw a -0.7% drop. Spain reduced its production by -2.35%, reaching €18.06 billion. Austria, however, showed growth at 1.41%, achieving €13.54 billion, and the Netherlands increased by 0.96% to €7.36 billion. Finland saw a modest rise of 0.54%, and Slovenia had a growth of 1.41%. Greece experienced the most significant decline with -8.13%, now at €0.91109 billion.

Future trends to watch for European production include:

• Potential shifts in production hubs due to economic or geopolitical changes.
• Investments in green steel production and sustainability practices.
• Enhancements in technology and efficiency to maintain competitiveness.