Forecast: Import of Sections L 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 import of Sections L of iron or non-alloy steel to Canada is forecasted to decline over the next five years, decreasing from 15.239 million kilograms in 2024 to 8.1936 million kilograms in 2028. This represents a significant year-on-year reduction, with percentages indicating a compounded annual growth rate (CAGR) of approximately -14.5% over the five-year period. In 2023, Canada imported approximately 16.9 million kilograms, showcasing a consistent downtrend.

Trends to watch for include global economic conditions affecting steel demand, shifts in Canadian infrastructure projects, and potential changes in trade policies that could impact import levels. Additionally, innovation in materials and alternative products could further influence this decline in imports.