Forecast: Import of Hot Rolled Iron or Non-Alloy Steel Not in Coils, of a Width of 600 mm or More, Thickness of 4.75-10 mm and Minimum Yield Point Not Exceeding 355 Mpa to Canada

The import volume of hot rolled iron or non-alloy steel not in coils to Canada is forecasted to decline from 35.773 million kilograms in 2024 to 23.739 million in 2028. This indicates a year-on-year decrease, reflecting decreasing demand or potential shifts in sourcing strategies. Compared to 2023, the import tonnage notably follows a downward trend, reducing by a CAGR that implies significant annual contraction over the forecast period.

Future trends to watch for:

• Impact of domestic production capacities on import needs.
• Potential regulatory changes affecting steel imports.
• Substitution by alternative materials or newer steel grades.
• Global market fluctuations influencing Canada's import costs.