The forecast for the import of bar and rod of silico-manganese steel in irregular coils to Canada shows a gradual increase from 2024 to 2028. In 2023, the import value was $468,000. Between 2024 and 2025, there is a projected growth of around 2.5%, consistent year-over-year increases of about 2.4% for subsequent years till 2028, signaling a steady growth pattern. The compound annual growth rate (CAGR) across this five-year span is estimated at 2.3%.
Future trends to watch include:
- Potential impacts of global steel market fluctuations on import volumes and prices.
- Any shifts in Canada's demand for infrastructure and construction materials.
- Policy changes affecting trade tariffs or import restrictions could alter projections.
