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

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

In 2022, production of iron and non-alloy steel in ingots increased by 10% to 3.7M tons, rising for the third year in a row after two years of decline. In general, production enjoyed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 156,873%. Over the period under review, production of reached the peak volume in 2022 and is expected to retain growth in the near future.

In value terms, production of iron and non-alloy steel in ingots expanded significantly to $7.2B in 2022 estimated in export price. Overall, production saw a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 29% against the previous year. Production of peaked in 2022 and is expected to retain growth in the near future.

Source: IndexBox Market Intelligence Platform

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