Forecast: Import of Flat-Rolled Products of Iron or Non-Alloy Steel of a Width Less Than 600 mm Clad, Plated or Coated to Canada

The forecast for imports of flat-rolled products of iron or non-alloy steel less than 600 mm in width to Canada indicates a steady growth from $149.33 million in 2024 to $159.27 million in 2028. With data for 2023 unavailable, the assessment starts in 2024. The year-on-year growth rates vary marginally around 1.7% to 1.8%. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 stands at approximately 1.7%, reflecting a consistent increase in import value.

Future trends to watch for:

• Fluctuations in global steel prices affecting import costs.
• Potential trade policies impacting supply chains.
• Demand shifts due to technological advancements or construction booms in Canada.
• Environmental policies influencing the steel industry dynamics.