In 2023, the US imported flat-rolled iron or non-alloy steel, clad, of a width of less than 600 mm valued at approximately 20.6 million USD. The forecast data from 2024 to 2028 suggests a consistent upward trend, with gradual year-on-year increases reflecting a stable demand growth in this sector. From 2024 to 2025, the expected growth is about 2%, followed by similar increments each subsequent year. The compound annual growth rate (CAGR) over the forecasted period from 2024 to 2028 is projected at around 1.9%, indicating a steady but modest increase in imports.
Future trends to watch for:
- Fluctuations in global steel prices which can impact import values.
- US infrastructure development projects driving higher demand.
- Trade policies and tariffs affecting import volumes and supply chain dynamics.
- Technological advancements in manufacturing processes reducing demand for imports.