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

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

For the sixth year in a row, Sweden recorded growth in production of iron and non-alloy steel in ingots, which increased by 3% to 5M tons in 2022. Overall, production saw a significant increase. The pace of growth appeared the most rapid in 2020 when the production volume increased by 2,455% against the previous year. Over the period under review, production of attained the peak volume in 2022 and is expected to retain growth in years to come.

In value terms, production of iron and non-alloy steel in ingots fell modestly to $2.6B in 2022 estimated in export price. In general, production showed a remarkable increase. The growth pace was the most rapid in 2021 with an increase of 30% against the previous year. As a result, production reached the peak level of $2.6B, and then fell in the following year.

Source: IndexBox Market Intelligence Platform

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