The forecast data shows a steady decline in the import value of hot rolled bar, rod of iron or non-alloy steel in irregular coils to Canada from 2024 to 2028, with values decreasing from 138.49 million USD in 2024 to 122.54 million USD in 2028. This downward trend indicates a reduction in import value by an approximate year-on-year decline of 3%.
A careful watch on global steel prices, demand fluctuations, and trade agreements is essential for future trends. Potential factors influencing this trend could include a shift in domestic production capabilities, currency exchange rates, or amendments to trade policies impacting import duties and restrictions.
