In 2023, the import value of cold rolled stainless steel with a width of 600 mm or more and thickness of over 4.75 mm to the US stood at 12.057 million USD. From 2024 to 2028, the forecasted data suggests a downward trend in import values, beginning at 11.358 million USD in 2024 and declining to 9.591 million USD by 2028. The year-on-year changes reveal a consistent decline, with each year experiencing a reduction compared to the previous year. Over the five-year span from 2024 to 2028, the Compound Annual Growth Rate (CAGR) averages negative, indicating a steady decrease in imports.
Future trends to watch for:
- Global economic conditions and trade policies' impact on import volumes.
- The evolution of domestic stainless steel production capacities in the US.
- Fluctuations in raw material costs and their effects on the supply chain.
