Forecast: Import of Sections, I of Iron or Non-Alloy Steel Not Further Worked Than Hot-Rolled, Hot-Drawn or Extruded, of a Height of More Than 80 mm to the UK

As of 2023, the import volume of sections of I-shaped iron or non-alloy steel, not further worked than hot-rolled, hot-drawn, or extruded and with a height over 80 mm, was recorded at 379 million kilograms. In 2024, the forecast indicates an increase to 385.11 million kilograms, marking a 1.61% year-on-year growth. By 2025, the import volume is projected to reach 390.82 million kilograms, growing at an additional rate of 1.48% from 2024. Continuing this trend, the volume for 2026 is forecasted at 396.42 million kilograms, a 1.43% increase from 2025. From 2027 to 2028, the import volume is predicted to grow to 401.9 million kilograms (1.38% increase) and 407.28 million kilograms (1.34% increase), respectively. The compound annual growth rate (CAGR) from 2023 to 2028 stands at approximately 1.44%.

Future trends to watch include potential impacts of economic conditions, trade policies, and steel demand shifts influenced by the UK's infrastructure projects or changes in the construction sector. Additionally, global market dynamics and supply chain disruptions could significantly affect import volumes.