The forecast for imports of hot-box roll iron or non-alloy steel to Canada shows a declining trend from 2024 through 2028, with values decreasing from $22.326 million in 2024 to $16.139 million in 2028. This reflects a continuous reduction in year-over-year imports, largely attributed to factors such as potential shifts in global steel demand, domestic production changes, or evolving trade policies impacting the sector.
Future trends to watch for include:
- Potential shifts in Canadian manufacturing capabilities increasing domestic supply.
- Evolving trade agreements and tariffs impacting import costs.
- Changes in major trading partner economic conditions, potentially affecting supply and price.
- Technological advancements in the industry that may influence production and demand.
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