Industry revenue of »manufacture of basic iron, steel, ferro-alloys« in Slovenia 2011-2023

Mirroring the trend in European countries such as Norway and Czech Republic, revenues of the basic iron, steel and ferro-alloys manufacturing industry in Slovenia are projected to decline from 639 million U.S. dollars in 2018 to 478 million U.S. dollars by 2023. Key reasons include the decline in civil engineering activities such as construction of rail and utility projects as well as building construction and infrastructure projects, and tepid growth in the country’s automobile sector. Moreover, the U.S. has hiked the tariff rates on Slovenian steel exports to 25 percent, a move that has not augured well for the industry, as the country’s steel and iron exports to the U.S. amounted to nearly 65 million euros in 2017. This has also affected revenues of two of the largest steel manufacturers in the country, namely, SIJ and Impol.

Additionally, the production of iron and steel is set to be severely impacted during the short to medium term, owing to outbreak of the corona virus. Majority of the manufacturing units in the country have been shut or are operating with a minimal capacity for an indefinite period of time.

Industry revenue of »manufacture of basic iron, steel, ferro-alloys« in Slovenia from 2011 to 2023

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Sources

Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (EUR -> USD) = 1.186

The industry classification is based on the NACE Rev.2 - system in Slovenia. The industry “manufacture of basic iron and steel and of ferro-alloys“ has the code “C241“.

Details on the methodology can be found here.

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