Forecast: Re-Import of Ingots, Primary Forms of Alloy Steel, Except Stainless to Canada

The forecasted re-import of ingots and primary forms of alloy steel to Canada shows a steady increase from 2024 to 2028, beginning at 1.5761 million kilograms in 2024 and reaching 1.9445 million kilograms in 2028. In 2023, the actual re-import volume stood below the 2024 forecast, indicating a positive growth trend.

Year-on-year growth rates show consistent increments: 6.02% in 2025, 5.57% in 2026, 5.16% in 2027, and 4.81% in 2028. Over the five-year span, the compound annual growth rate (CAGR) is approximately 5.33%.

Future trends to watch for:

• Global economic conditions and their impact on the demand for alloy steel, particularly in the automotive and construction sectors.
• Shifts in international trade policies, which may influence the cost and volume of re-imported steel.
• Technological advancements in steel production, potentially affecting supply chains and market dynamics.