As of 2023, the UK imported a substantial volume of hot rolled bars and rods of grooved iron or non-alloy steel in irregular coils. Forecasts from 2024 to 2028 indicate a steady year-on-year increase, with volumes rising from 127.33 million kilograms in 2024 to 153.13 million kilograms in 2028. This indicates a compound annual growth rate (CAGR) consistent over this period. Recent years show similar upward momentum, highlighting robust demand and possibly expanding industrial usage.
Future trends to watch include potential shifts in global steel prices, trade policy adjustments, and the UK's manufacturing sector performance, which could impact import volumes and market dynamics.
