The import value of iron or steel threaded articles, excluding screws, nuts, and bolts, into the US is projected to grow steadily from 2024 to 2028. In 2023, the actual import value stood at $141.75 million. Forecasted data indicate an increase to $145.23 million in 2024, reaching $159.52 million by 2028. This represents a year-on-year growth rate of approximately 2.5%. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is estimated at 2.5%, reflecting consistent modest growth.
Future trends to watch for include potential fluctuations in global steel prices, trade policies, and demand from key industries such as construction and automotive, which may impact import levels.
