In 2023, Canada imported approximately 7.27 million kilograms of cold rolled iron or non-alloy steel not in coils. Forecasts suggest a consistent decline in import volume from 2024 to 2028, from 6.99 million kilograms to 5.93 million kilograms. This represents a year-on-year decrease of about 3.91% from 2024 to 2028. The compound annual growth rate (CAGR) over the next five years is projected to be approximately -3.94%, indicating a steady downward trend.
Future trends to watch include fluctuating global steel demand, potential shifts in Canadian manufacturing, and changes in trade policies affecting steel imports.
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