The forecast for the re-import of forged iron or non-alloy steel bar and rod to Canada shows a steady increase from 2024 to 2028. With values increasing from 18,390 to 20,450 thousand kilograms, there is an incremental growth indicating a positive trend in demand or production alignment. Until 2023, the series had been stable, making the current forecasted growth notable. The year-on-year percentage increase from 2024 to 2025 is approximately 2.88%, with a compounded annual growth rate (CAGR) of around 2.66% anticipated over the five-year period ending in 2028.
Future trends to watch for:
- Potential policy changes on trade and tariffs affecting steel imports.
- Technological advancements in steel production leading to shifts in supply chains.
- Economic factors including infrastructure projects that may drive increased demand.
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