Forecast: Import of Hot-Rolled Iron or Non-Alloy Steel in Coils, of a Width of 600 mm or More, Thickness Less Than 3 mm and Minimum Yield Point Not Exceeding 275 Mpa to the US

The import value of hot-rolled iron or non-alloy steel in coils, of a width of 600 mm or more and a thickness less than 3 mm with a yield point not exceeding 275 MPa to the US, is forecasted to decline gradually from $868.82 million in 2024 to $838.29 million by 2028. This corresponds to a year-on-year decrease ranging from around 0.9% to 0.85% for each of the subsequent years.

Future trends to watch for:

• Potential shifts in US steel demand impacting future import needs.
• Changes in global trade policies that could influence steel imports.
• Recent technological advancements in domestic steel production potentially decreasing reliance on imports.