Forecast: Import of Sections, H of Iron or Non-Alloy Steel Not Further Worked Than Hot-Rolled, Hot-Drawn or Extruded, of a Height of More Than 80 mm to India

The forecast for the import of sections of iron or non-alloy steel to India from 2024 to 2028 shows a steady growth trend, with values increasing incrementally from 29.258 million kilograms in 2024 to 31.607 million kilograms in 2028. In 2023, the import volume stood at 28.785 million kilograms. The year-on-year growth is observed, with a consistent upward trajectory. Notably, the compound annual growth rate (CAGR) over these five years suggests an average annual increase around 1.9%.

Future trends worth watching include the impact of infrastructure development policies in India and global commodity price fluctuations. Trade dynamics with key steel-producing countries may also influence import volumes.