Forecast: Import of Sections T 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 Germany

In 2023, Germany imported 6.8 million kilograms of sections of iron or non-alloy steel. Looking forward from 2024, a consistent decrease in imports is forecasted, showing an annual reduction from 6.54 million kilograms in 2024 to 5.51 million kilograms in 2028. The year-on-year variations indicate a negative trend, with decreases leading to a compound annual growth rate (CAGR) decline over the period. This points towards a decreasing demand or a shift to domestic alternatives in Germany.

Future trends to watch for:

• Shifts in industry demand for lightweight or alternative materials.
• Investments in domestic production capabilities to reduce import dependency.
• Regulatory changes impacting steel imports or favoring local production solutions.
• Global economic factors influencing raw material prices and availability.