Forecast: Import of Cold Rolled Iron or Non-Alloy Steel in Coils, of a Width of 600 mm or More, Thickness of 0.5-1 mm and Minimum Yield Point Not Exceeding 275 Mpa to the US

In 2023, the import value of cold rolled iron or non-alloy steel in coils to the US stood at approximately $465 million. From 2024 onwards, a consistent upward trend is projected, with imports expected to reach $510.5 million by 2028. The year-on-year growth rates between 2024 and 2028 are relatively modest, reflecting a steady demand increase in the US market.

- 2024 to 2025: Expected growth of around 1.98%

- 2025 to 2026: Expected growth of approximately 1.91%

- 2026 to 2027: Anticipated rise of roughly 1.83%

- 2027 to 2028: Forecasted increase by about 1.76%

Over the five-year period to 2028, the compound annual growth rate (CAGR) is estimated at approximately 2.2%, indicating a stable expansion within this category.

Future trends to watch include potential impacts from trade policies, competitive pricing from global suppliers, and shifts in downstream demand from the automotive and construction sectors that may influence import levels.