Forecast: Re-Import of Hot Rolled Iron or Non-Alloy Steel Not in Coils, of a Width of 600 mm or More, Thickness of 4.75-10 mm and Minimum Yield Point Not Exceeding 355 Mpa to Canada

From 2024 to 2028, re-imports of hot rolled iron or non-alloy steel not in coils, with a thickness of 4.75-10 mm, to Canada are forecasted to grow steadily from 2.6915 million kilograms to 2.8733 million kilograms. This demonstrates a consistent annual increase.

- The year-on-year growth from 2024 to 2025 is approximately 1.74%, and from 2025 to 2026 is around 1.68%.
- The projected growth from 2026 to 2027 is close to 1.62%, while from 2027 to 2028, it is aligned with a yearly rise of about 1.56%.

Given that we are in 2024, the 2023 volume for reference stood slightly below 2.6915 million kilograms. The compound annual growth rate (CAGR) over the five-year projection is modest, reflecting a stable market.

Future trends to watch for include fluctuations in global steel demand, policy changes in trade and tariffs, and technological advancements in steel processing. These factors could significantly impact import volumes and market dynamics in Canada.