The import of bar and rod of silico-manganese steel of irregular coils to Canada is expected to rise steadily from 2024 to 2028, with quantities growing from 495.59 to 562.0 thousand kilograms. This reflects a compound annual growth rate (CAGR) over five years. Considering the growth trajectory, the year-on-year percentages show a consistent increase. As of 2023, the volume was still below the levels projected for the following years.
Future trends to watch for include the potential impact of global trade agreements, changes in Canadian industrial demand, fluctuations in steel raw material prices, and advancements in alternative materials that could affect import volumes.
