In 2023, the import value of hot rolled stainless steel not in coils of a width of 600 mm or more and thickness more than 10 mm to the US stood at USD 140.8 million. The forecasts for 2024 to 2028 show a steady increase, with values rising from USD 143.17 million in 2024 to USD 149.16 million in 2028.
- Year-on-year variations show modest growth ranging between 1% to 1.5% annually. - The projected Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately 1.4%.
Future trends to watch for include global supply chain fluctuations, potential policy changes in key exporting countries, and technological advancements in stainless steel production that could impact import dynamics in the US market.
