Forecast: Import of Hot-Drawn or Extruded Open Sections of Non Alloy Steel (Not Further Worked than Hot Rolled) to the UK

The forecasted import of hot-drawn or extruded open sections of non-alloy steel to the UK indicates a steady growth from 2024 to 2028, with volumes increasing from 688.81 million kilograms in 2024 to 709.4 million kilograms in 2028. Compared to 2023, the import volume shows a consistent upward trend, which reflects a continuously growing demand or consumption in the UK market.

This represents an average annual increase of approximately 1.5% over these years, suggesting a stable demand for structural applications likely driven by ongoing or new infrastructure projects.

Future trends to watch for include:

• Changes in UK trade policies post-Brexit, which could affect import tariffs or quotas.
• Fluctuations in global steel prices, potentially impacting import volume and price strategies.
• Domestic shifts towards sustainable and alternative materials, potentially influencing future steel demand.
• Technological advancements in construction, altering material specifications or preferences.