Forecast: Import of Hot Rolled Iron or Non-Alloy Steel Not in Coils, of a Width of 600 mm or More, Thickness of 4.75-10 mm and Minimum Yield Point Not Exceeding 355 Mpa to the UK

The forecast for the UK's import of hot rolled iron or non-alloy steel, not in coils, shows a gradual decrease from 2024 to 2028. In 2023, imports stood notably higher, serving as a benchmark against the projected decline. From 2024 to 2025, a slight decrease of approximately 0.8% is expected, with a consistent decline of about 0.8% per year projected through to 2028. Over the five-year forecast, the compound annual growth rate (CAGR) reflects an average annual reduction of around 0.8% in import volumes.

Future trends to monitor include potential shifts in global steel production, trade policy changes affecting imports, and evolving demand from key UK industries utilizing such materials. It's also essential to watch economic factors that could influence the UK's construction and manufacturing sectors.