In 2023, the import of bar and rod of silico-manganese steel not in coils to Italy stood at 2.55 million kilograms. The forecast for 2024 shows a slight increase to 2.57 million kilograms. By 2028, imports are expected to reach 2.65 million kilograms, reflecting a consistent upward trend.
The year-on-year growth rates from 2024 to 2028 are relatively stable, ranging from approximately 0.8% to 0.9%. The compound annual growth rate (CAGR) for this period indicates a modest average yearly growth of around 0.9%.
Future trends to watch for:
- Global economic conditions affecting steel demand.
- Technological advancements in steel production.
- Trade policies impacting import-export dynamics.
