Forecast: Import of Sections, H of Iron or Non-Alloy Steel Not Further Worked Than Hot-Rolled, Hot-Drawn or Extruded, of a Height of More Than 80 mm to India

In 2023, the import value of sections of iron or non-alloy steel for India stood at 19.84 million US dollars. The forecast for the next five years shows a steady increase, with values projected at 20.191 million in 2024 and rising to 21.598 million by 2028. Year-on-year, the imports are expected to experience slight but steady growth, with the average annual growth rate over this period projected as a CAGR of approximately 1.89%.

Future trends to watch for include potential impacts of India's infrastructure development policies, international trade agreements, and global demand fluctuations for iron and steel products. Monitoring these factors is essential for anticipating shifts in import volumes and values.