In 2023, the final consumption of natural gas in the iron and steel sectors in France was 550.00 thousand tonnes of oil equivalent. Over the forecast period from 2024 to 2028, a steady decline is anticipated, with a year-on-year contraction averaging about 1% annually. The compound annual growth rate (CAGR) indicates a consistent decrease of approximately 0.9% per year over this timeframe. This downward trend reflects decreasing reliance on natural gas, potentially due to increased efficiency and a shift towards alternative energy sources.
Future trends to monitor include:
- Technological advancements in energy efficiency and their impact on natural gas demand.
- Policy changes aimed at reducing carbon emissions and their effect on the energy mix in industrial sectors.
- Global market conditions influencing the competitiveness of domestic iron and steel production.