In 2023, the US imported an estimated 45.2 million metric tons of steel mill products. The forecasted figures indicate a gradual increase in imports, rising from 46.0 million metric tons in 2024 to 49.15 million metric tons by 2028. This trend reflects an average annual growth rate (CAGR) of approximately 1.67% over the five-year period.
- 2025: 1.76% increase from 2024
- 2026: 1.71% increase from 2025
- 2027: 1.64% increase from 2026
- 2028: 1.57% increase from 2027
Future trends to watch for include potential shifts in international trade policies, domestic production capabilities, and the impact of global economic conditions on steel demand across various industries, which may influence these projections.
Latest reports
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