Forecast: Import of Hot-Rolled Bars in Free-Cutting Steels to Germany

The import of hot-rolled bars in free-cutting steels to Germany is forecasted to decline steadily from 2024 to 2028. In 2023, this import was at a higher level than the projected figures for upcoming years. For 2024, the forecast is set at 32.13 million kilograms, with a year-on-year decrease projected each subsequent year down to 28.469 million kilograms in 2028. This reflects a negative compound annual growth rate (CAGR) over the five-year forecast period.

Future trends to watch for include potential shifts in international trade policies, technological advancements in steel manufacturing, and changes in demand from key industrial sectors in Germany that could influence these forecasts. Monitoring global economic conditions and domestic production capabilities will also be vital in anticipating further trends in steel imports.