Turnover in the industry down slightly

According to preliminary estimates, the turnover of metals industry companies (steel products, non-ferrous metals, castings and metallic minerals) in Finland decreased by approximately 2 per cent in 2025 from 2024. In 2025, their turnover in Finland amounted to slightly more than EUR 13 billion.

The combined production volume of the industry (turnover deflated by the change in producer prices) was 2 per cent lower in January–November 2025 than in the corresponding period of 2024.

The number of personnel employed by metals industry companies in Finland decreased by 0.7 per cent in 2025 from the 2024 average. The industry employed 16,100 people on average in 2025, approximately 200 fewer than in 2024. At the end of December, the number of personnel was 16,000.

Compared to the corresponding period of 2024, global steel production declined by 4.6 per cent during the January–November period of 2025. Examined by region, production volumes have fallen in the EU (-3.5%) and Asia (-7.1%), for instance. Production volumes have risen in North America (5.4%), but they were down 4 per cent in China, 3.9 per cent in Japan and 3.7 per cent in South Korea. When it comes to the largest producers, production has increased in India (10.3%) and the United States (3.2%).

China, India, the United States and Japan were the largest producers in January–November 2025. China accounted for approximately 55 per cent of global steel production in the early months of the year.