In 2023, the final consumption of heat in Germany's iron and steel sector stood at 1.40 thousand terajoules. Forecasts from 2024 through 2028 indicate a steady decline in consumption, averaging a yearly decrease. Each year witnesses a slight reduction of approximately 0.72%, contributing to a cumulative decline over the entire five-year period. The compound annual growth rate (CAGR) reflects an overall negative trend at around -0.72% annually. This ongoing decrease suggests a shift within the industry towards more efficient heat consumption or alternative energy sources.

Future trends to watch for:

Technological advancements in energy efficiency and industrial processes.
The influence of Germany's renewable energy policies on industrial energy consumption.
Impact of global steel demand on energy consumption in production processes.
Potential shifts towards electrification and reduced reliance on traditional heat sources.