In 2023, the import of iron or steel threaded articles (excluding screws, nuts, and bolts) to the US was significantly less than the forecasted values for 2024 through 2028. The forecast predicts a steady growth from 16.509 million kilograms in 2024 to 17.502 million kilograms in 2028. Year-on-year growth percentages show an upward trend with incremental increases annually. Over the five-year period, the compound annual growth rate (CAGR) indicates a moderate growth trend.
Future trends to watch for include potential fluctuations due to economic changes, trade policies, and developments in domestic manufacturing capabilities. Monitoring global supply chain shifts and technological advancements in steel production may also impact import volumes.
