The forecast for Iron and Steel Waste Extra-EU28 imports to the UK shows a consistent downward trend from 2024 to 2028. The value is set to decrease from 23.15 million Euros in 2024 to 14.03 million Euros in 2028. Comparing year-on-year variations, the decrease is notable: -10.14% in 2025, -11.13% in 2026, -12.16% in 2027, and -13.62% in 2028. The Compound Annual Growth Rate (CAGR) for this period further highlights a significant decline in imports by an average of 11.07% per year from 2024 to 2028.
Future trends to watch include:
- Potential policy changes post-Brexit affecting imports.
- Environmental regulations and shifts towards sustainable practices impacting the industry.
- Fluctuations in the global steel market, which can influence demand and import patterns.