Forecast: Import of Ribbed or Other Deformed Wire Rod of Non-Alloy Steel to the UK

The import of ribbed or other deformed wire rod of non-alloy steel into the UK shows a consistent upward trend, based on forecast data from 2024 to 2028. The forecasted values begin at 109.61 million kilograms in 2024 and reach 129.79 million kilograms by 2028, indicating a year-on-year average increase of approximately 4.4%. In 2023, the actual import value was the baseline for these forecasts, slightly lower than 2024's projected figures.

Future trends to watch for include:

• Potential fluctuations in UK construction demand, as this sector significantly influences import levels.
• Changes in global steel prices and trade policies that may affect import costs and volumes.
• The development of alternative materials which might impact the demand for non-alloy steel wire rod.