Forecast: Import of Flat-Rolled Products of Tool Steel or Alloy Steel Other than Stainless Steel of a Width More than 600 mm to the UK

The import forecast for flat-rolled products of tool steel or alloy steel other than stainless steel, with a width more than 600 mm to the UK, indicates a declining trend over the next five years. In 2023, imports stood at an actual value slightly above 13 million kilograms. Starting in 2024, a consistent annual decrease is observed, with a significant drop by 2028. The year-on-year percentage change reflects a steady decline, demonstrating reduced demand or possible shifts in supply chains.

Future trends to watch for include:

• Potential disruptions or changes in global steel markets that may impact UK imports.
• Technological advancements in alternative materials that could reduce reliance on these steel imports.
• Trade policies or tariffs that might affect overall import volumes and costs.