Production of Iron and Non-Alloy Steel in Ingot in Finland - 2022

Iron and Non-Alloy Steel in Ingot Production in Finland - 2022

For the third consecutive year, Finland recorded growth in production of iron and non-alloy steel in ingots, which increased by 6.6% to 4.6M tons in 2022. The total output volume increased at an average annual rate of +15.3% over the period from 2020 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 25%. Production of peaked in 2022 and is expected to retain growth in the near future.

In value terms, production of iron and non-alloy steel in ingots surged to $60.7B in 2022 estimated in export price. The total output value increased at an average annual rate of +15.1% over the period from 2020 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Source: IndexBox Market Intelligence Platform

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