The forecast for Italy's import of non-alloy steel forged and hot-rolled bars indicates a consistent decline from 2024 to 2028. The import volume, expressed in million kilograms, is expected to decrease from 134.4 in 2024 to 110.14 by 2028. Compared to 2023, where imports were at a similar level as 2024, the anticipated year-on-year declines are substantial. Specifically, there is a -4.58% decline in 2025, -4.75% in 2026, -4.93% in 2027, and -5.15% in 2028. The five-year CAGR reflects an average annual reduction of approximately -4.85%.
Future trends to watch:
- Global economic shifts affecting steel demand.
- Technological advances in steel manufacturing.
- Environmental regulations potentially impacting steel production and imports.
- Italy's internal market demand dynamics and infrastructure projects.
