The forecast for Canadian imports of hot rolled stainless steel in coils (600 mm+ width, >10 mm thickness) indicates a gradual decline from 2024 to 2028, from 339.61 thousand kilograms in 2024 to 325.0 thousand kilograms in 2028. In 2023, this volume was slightly higher, highlighting a persistent downward trend. The year-on-year decrease is consistent, with an average dip of around 1% annually. This aligns with the five-year CAGR reflecting a steady negative growth trajectory.
Future trends to watch for include possible influences from international trade agreements and shifts in domestic demand for stainless steel in construction and manufacturing, which could alter import patterns.
