The forecast for US steel imports of ingots, blooms, billets, and slabs shows a steady increase from 2024 to 2028. The import volumes in million metric tons are expected to grow from 11.52 in 2024 to 12.49 in 2028. This reflects a year-on-year percentage increase averaging around 2% to 3% and a compound annual growth rate (CAGR) of approximately 2.02% over the five-year period.
Future trends to watch for include:
- Global steel demand shifts impacting US import needs
- Developments in US domestic steel production capacity
- Trade policy changes that may affect steel import volumes
- Technological advancements in steel production and recycling
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