Forecast: Import of Sections L of Iron or Non-Alloy Steel Not Further Worked Than Hot-Rolled, Hot-Drawn or Extruded, of a Height of Less Than 80 mm to the US

The imports of iron or non-alloy steel sections to the US, specifically those hot-rolled, hot-drawn, or extruded and less than 80 mm in height, are forecasted to decline steadily from 2024 to 2028. The import volume is anticipated to drop from 52.603 million kilograms in 2024 to 41.29 million kilograms by 2028. Having stood at significantly higher levels before 2024, this data suggests a consistent annual decrease with the 5-year compound annual growth rate showing a negative trend.

Future trends to watch for include:

• Potential impact of domestic steel production capabilities and policies on import needs.
• Fluctuations in global steel prices which can affect the competitiveness of imports.
• Impact of technological advancements in production which might alter demand for these specific steel sections.
• Economic and construction activity trends within the US influencing steel consumption.