The import of flat-rolled iron or non-alloy steel coated with tin to India is forecasted to rise steadily from 221.49 million kilograms in 2024 to 243.65 million kilograms by 2028. The data shows a consistent growth trend with an annual increase of approximately 2.5% per year. Based on previous trends, the notable rise can be attributed to increasing demand in sectors like automotive and packaging. In 2023, imports of this material were lower, marking a clear upward shift in projections from 2024 onward.
- 2024: 221.49 million kg
- 2025: 227.2 million kg
- 2026: 232.79 million kg
- 2027: 238.28 million kg
- 2028: 243.65 million kg
Looking ahead, influences on this trend may include global steel market price fluctuations, government industrial policies, and macroeconomic factors. It's essential to monitor these elements alongside trade agreements impacting import tariffs which could affect the cost dynamics for Indian manufacturers.
