In 2023, the shipments of steel pipe and tubing, standard pipe in the US stood at 600.0 thousand metric tons. Forecasted data indicate a consistent annual decrease from 2024 to 2028. From 2024 to 2028, shipments are projected to decline gradually from 587.0 to 533.0 thousand metric tons, marking a steady downward trend. Year-on-year changes indicate a decrease of approximately 2.4% annually. The compound annual growth rate (CAGR) over the five-year forecast suggests an average annual decline of about 2.4%.
Future trends to observe include potential impacts of technological advances in steel production, fluctuations in demand from key sectors like construction and automotive, and the influence of international trade policies on domestic production.
