Portlaoise, Ireland--(Newsfile Corp. - December 23, 2024) - Irish Steel, Ireland's exclusive organisation for the metal fabrication and manufacturing industry, has released its End-of-Year Report on the Irish Steel Industry for 2024, providing critical insights into global steel market trends, Ireland's economic performance, and the evolving opportunities and challenges for the sector.

An Industry at a Crossroads

As the backbone of Ireland's construction and manufacturing industries, the steel sector faces a transformative period. Irish Steel's report explores how global economic shifts, sustainability imperatives, and technological advancements are shaping the future of the industry.

Key Findings from the Report:

Global Market Trends: After significant volatility, global steel prices have stabilised, bolstered by China's economic stimulus initiatives and increased infrastructure spending worldwide.
However, the industry's transition to "green steel" manufacturing, driven by the EU's Carbon Border Adjustment Mechanism (CBAM), presents both challenges and opportunities for producers.

Domestic Economic Strength: Ireland's economy performed robustly in 2024, with record- high employment levels and strong tax revenues. Despite these positives, the steel sector faces acute labour shortages, rising operational costs, and pressure to adopt sustainable practices. see & read more on

https://www.newsfilecorp.com/release/234863/