Forecast: Steel Tin Mill Products, Tin Free Steel, Exports in the US

The US exports of Steel Tin Mill Products, including Tin Free Steel, have shown a consistent decline from 2013 to 2023. Starting at 125.0 thousand metric tons in 2013, the volume witnessed fluctuations but primarily trended downward, reaching 63.4 thousand metric tons by 2023. The most recent two years saw a steep year-on-year decline with -9.02% in 2022 and -9.72% in 2023. Evaluated over the past five years, the compound annual growth rate (CAGR) has been -8.52%, highlighting a faster pace of decline.

Looking ahead, forecasts suggest this negative trend will persist. Projections indicate that by 2028, the exports will drop to 27.75 thousand metric tons, driven by a forecasted 5-year CAGR of -13.07%. This signifies a significant halving in export volumes from current levels.

Future trends to watch for:

  • The potential impact of global trade policies and tariffs on export volumes.
  • Technological advancements in alternative materials that may replace tin mill products.
  • The role of environmental regulations and sustainability initiatives in shaping the industry.

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