Forecast: Import of Hot Box Rolled Iron or Non-Alloy Steel Not in Coils, of a Width of 150-600 mm, Thickness More Than 4 mm, Unclad to Canada

The import of hot box rolled iron or non-alloy steel to Canada, within a specified width and thickness range, shows a consistent upward trend from 2024 onwards. Starting at 1.0509 million kilograms in 2024, it's forecasted to reach 1.1708 million kilograms by 2028, marking a gradual increase annually.

Compared to its standing in 2023, the anticipated growth is steady, indicative of a stable demand for this commodity. Analyzing year-on-year variations, the compound annual growth rate (CAGR) over the five years is steady, illustrating a positive import trend and moderate growth.

Future trends to watch include potential impacts from global supply chain adjustments, shifts in industrial demand, especially in construction and manufacturing, and the effects of any trade policy changes impacting international steel imports to Canada.