Forecast: Import of Sections U/I/H of Iron or Non-Alloy Steel Not Further Worked Than Hot-Rolled, Hot-Drawn or Extruded, of a Height of Less Than 80 mm to Canada

The forecasted import of sections U/I/H of iron or non-alloy steel to Canada is set to decline from 2024 to 2028, starting at 6.7856 million kilograms in 2024 and decreasing to 6.0301 million kilograms in 2028.

The series portrays a consistent downward trend, reflecting a reduction in volume by approximately 2.9% year-on-year. This trend suggests a steady reduction in demand or possible substitution with alternative materials. The analysis reveals an average annual decline of 2.9% over the forecast period. As of 2023, the imports were at 6.7856 million kilograms, indicating stabilization until the beginning of the forecast period.

Future Trends to Watch:

• Changes in Canada's infrastructure projects that could impact steel demand.
• Potential trade policy shifts impacting import costs and volumes.
• Advancements in steel manufacturing technology may alter demand for these profiles.
• Environmental considerations influencing the choice of materials in construction.