Forecast: Import of Hot Rolled Iron or Non-Alloy Steel Not in Coils, of a Width of 600 mm or More, Thickness More Than 10 mm and Minimum Yield Point Not Exceeding 355 Mpa to Japan

In 2023, Japan's import of hot rolled iron or non-alloy steel was valued at approximately 320 million USD. The forecast for 2024 shows a projected value of 331.33 million USD, indicating a year-on-year increase of approximately 3.54%. Subsequent years demonstrate a steady growth trend with a 1.29% increase in 2025, a 1.24% rise in 2026, followed by 1.21% and 1.17% growth in 2027 and 2028, respectively. The compound annual growth rate (CAGR) over the 5-year forecast period from 2024 to 2028 is approximately 1.29%.

Future trends to watch for include:

• Fluctuations in global steel demand affecting import volumes.
• Potential shifts due to trade agreements or policy changes.
• Technological advancements in steel production efficiency impacting demand and pricing.