The forecast for the import of flat-rolled products of iron or non-alloy steel into the US shows a steady increase from 2024 to 2028. Starting at $4.8694 billion in 2024, the value is expected to rise to $5.295 billion by 2028, marking a positive trend in imports. In 2023, the baseline for this forecast stood below $4.8694 billion. The year-on-year growth rate averages around 2-3%, highlighting a consistent upward trend. The 5-year compound annual growth rate (CAGR) is projected at approximately 2.1%.
Future trends to watch include potential shifts due to US trade policies, international steel market conditions, and technological advancements in steel production, which could impact both demand and pricing strategies.
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