In 2023, Japan imported 20.1 million kilograms of sections, I of iron or non-alloy steel not further worked than hot-rolled, hot-drawn or extruded, of a height of more than 80 mm. The forecast indicates a steady annual growth in imports, with values rising from 20.934 million kilograms in 2024 to 24.216 million kilograms by 2028. This demonstrates a year-on-year increase averaging about 3-4% annually.
Key trends for the future:
- Monitoring global steel demand as it may influence import volumes.
- Potential impact of Japan's infrastructure policies on steel import needs.
- Fluctuations in currency exchange rates affecting import costs.
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