Forecast: Re-Import of Cold Rolled Iron or Non-Alloy Steel Not in Coils, of a Width of 600 mm or More, Thickness of 0.5-1 mm and Minimum Yield Point Not Exceeding 275 Mpa to Canada

The forecast for the re-import of cold rolled iron or non-alloy steel to Canada, starting from 2024, shows a steady annual increase. In 2023, the import level stood at approximately 11.91 thousand kilograms. From 2024 to 2028, an annual growth rate of around 3.5% is observed, indicating a consistent rise year-on-year. Over the five-year forecast period, the compound annual growth rate (CAGR) is approximately 3.6%.

Future trends to watch for include:

• Changes in global trade policies or tariffs that could impact the cost-efficiency of re-importing steel.
• Domestic capacity expansion that could reduce dependency on re-importation.
• Technological advancements in steel processing that might alter market dynamics.
• Environmental regulations that might influence sourcing strategies.
• Economic factors influencing demand in the key sectors like construction and automotive.