Forecast: Import of Sections T of Iron or Non-Alloy Steel Not Further Worked Than Hot-Rolled, Hot-Drawn or Extruded, of a Height of Less Than 80 mm to the US

In 2023, the US import of sections T of iron or non-alloy steel not further worked than hot-rolled, hot-drawn, or extruded with a height less than 80 mm stood at $1.258 million. From 2024, a steady forecasted increase is observed, starting at $1.2725 million and reaching $1.331 million by 2028. Year-on-year variations show moderate growth, averaging around 1.14% per year. The compound annual growth rate (CAGR) over the five-year forecast period is expected to be approximately 1.14%.

Future trends to watch out for include:

• Potential impact of global trade policies and tariffs on import volumes.
• Technological advancements in steel production possibly affecting demand.
• Fluctuations in U.S. domestic steel production, influencing import reliance.