The import of hot rolled stainless steel sheets with a width under 600 mm and thickness over 4.75 mm to Canada is forecasted to decline in volume from 927.93 thousand kilograms in 2024 to 850.61 thousand kilograms by 2028, following a steady downward trend. This represents a year-on-year decrease of approximately 2.17% to 2.22%. The compound annual growth rate (CAGR) for the 2024-2028 period is a negative 2.2%, indicating a consistent decline in imports over five years.
Future trends to monitor include:
- Changes in global supply chains and their impact on steel importation.
- Shifts in Canadian manufacturing demand for this specific type of steel.
- Potential trade policies impacting steel tariffs or import duties.
