The re-import of waste or scrap of alloy steel, other than stainless, to Canada is forecasted to grow consistently from 2024 to 2028. Following 2023, where the value stood at around 210 Thousand US Dollars, a year-on-year increase of approximately 2.6% is expected from 2024 onwards. The Compound Annual Growth Rate (CAGR) for this period is estimated to be around 2.5% annually, reflecting a steady upward trend.
Future trends to watch for include:
- Global market demand for recycled materials impacting import volatility.
- Potential regulatory changes in Canada that could affect the allocation and processing of alloy steel scrap.
- Technological advancements in recycling processes influencing cost efficiencies and output quality.
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