In 2023, the import volume of iron or non-alloy steel bar and rod of free cutting steel to Canada stood at an estimated 14.34 million kilograms. The forecasted data indicates a declining trend from 2024 through 2028, with a year-on-year decrease, starting at 13.684 million kilograms in 2024 to 11.25 million kilograms by 2028. The compound annual growth rate (CAGR) for the 2024-2028 period reflects a steady contraction in imports.
Trends to watch for include:
- Potential shifts in global steel prices impacting import volumes.
- Changes in domestic production capacity and demand.
- Trade policies or tariffs affecting the cost and volume of imports.
