The import value of iron or non-alloy steel bar and rod of free-cutting steel to Canada is forecasted to decrease from 9.352 million USD in 2024 to 7.8067 million USD in 2028. This prediction indicates a consistent decline over the forecasted years. Year-on-year percentage decreases are as follows: a 4.26% decrease in 2025, 4.36% in 2026, 4.45% in 2027, and 4.57% in 2028. Over the five-year period, the compound annual growth rate (CAGR) is approximately -4.5%, suggesting a steady downward trend.

Future trends to watch for:

Fluctuations in global steel prices and Canadian trade policies.
Potential shifts in the automotive and construction industries affecting demand.
Developments in sustainable steel production and its impact on imports.