Forecast: Import of Hot-Rolled Iron or Non-Alloy Steel in Coils, of a Width of 600 mm or More, Thickness of 3-4.75 mm and Minimum Yield Point Not Exceeding 355 Mpa to the US

The forecast for hot-rolled iron and non-alloy steel coil imports to the US indicates a steady decline from 2024 to 2028. The expected volume in 2024 is 603.16 million kilograms, decreasing each year to reach 506.78 million kilograms by 2028. Comparing year-on-year data, the decline ranges around a 4% decrease in import volume annually. Over the last five years, the compound annual growth rate (CAGR) is negative, suggesting a consistent downward trend.

Future trends to watch for include shifts in US manufacturing demand, changes in trade policies, and potential impacts from advancements in alternative materials, all of which could influence import volumes over time.