According to the latest data released by the Swedish Steel Producers' Association (Jernkontoret), the country's crude steel production continues to decline.
In the first half of 2024, total production reached around 2.2 million tons. This figure represents a 3.8% decline compared to the same period last year. The contraction in the sector was also evident in the first half of 2023, with production decreasing by 4.5% compared to the first half of 2022.
However, despite this general downward trend, the annual increases seen in March and April 2024 are considered a positive sign for the sector. This moderate rise suggests that the Swedish steel industry is starting to show signs of recovery.
Experts are closely monitoring how global economic conditions and sector dynamics will affect Swedish steel production in the coming period. The future of the sector seems to depend on sustainable production methods and innovation-driven strategies.
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