The forecast for the import of cold-rolled stainless steel of a width of 600 mm or more and a thickness of 3.0-4.75 mm to the US from 2024 to 2028 shows a consistent decline in import volumes. The value stood at 9.0 million kilograms in 2023, indicating a significant decrease over the years covered by the forecast. From 2024 to 2028, the annual decrease in import volume is apparent, with each year exhibiting a reduction. The compound annual growth rate (CAGR) is negative, signaling a continued downward trend.
Future trends to watch for include:
- Economic stability and its effect on manufacturing output and demand for stainless steel.
- Trade policies and regulations that could impact import levels, such as tariffs or trade agreements.
- Technological advancements in domestic production which could reduce reliance on imports.