Forecast: Import of Hot Rolled Iron or Non-Alloy Steel Not in Coils, of a Width of 600 mm or More, Thickness More Than 10 mm and Minimum Yield Point Not Exceeding 355 Mpa to India

The forecasted import volume of hot rolled iron or non-alloy steel, with specific dimensions and yield point, to India shows a consistent upward trend from 2024 to 2028. The progression exhibits a steady increase from 442.36 million kilograms in 2024 to 451.15 million kilograms by 2028. This represents an overall increase of approximately 2% over five years. In terms of annual growth, this translates to a CAGR of about 0.48% per year over the forecast period.

Future trends to watch for include:

• Potential fluctuations in import volumes driven by domestic production capacities and policy shifts.
• Global steel market dynamics, including price variations and trade agreements, which could impact import strategies.
• Technological advancements leading to alternative materials that may influence demand for traditional steel.