Forecast: Import of Flat-Rolled Products of Tool Steel or Alloy Steel Other than Stainless Steel of a Width More than 600 mm Not Further Worked than Hot-Rolled Not in Coils to the UK

In 2023, the UK's imports of flat-rolled products of tool or alloy steel, excluding stainless steel, with a width over 600 mm and not further processed than hot-rolled, not in coils, stood at a notable figure, underpinning its industrial demand. From 2024 onwards, a consistent downward trend is forecasted, with annual volumes declining year-on-year. In 2025, imports are expected to decrease by approximately 1.8%, a similar trend projected through to 2028, culminating in an overall CAGR around -1.5% over these five years.

Looking ahead, key factors to monitor include global steel demand fluctuations, trade policy impacts, and technological advancements within the industry that might influence import trajectories.