Forecast: Import of Cold Rolled Iron or Non-Alloy Steel Not in Coils, of a Width of 600 mm or More, Thickness of 1.0-3 mm and Minimum Yield Point Not Exceeding 275 Mpa to the US

The forecast for US imports of cold-rolled iron or non-alloy steel in widths of 600 mm or more, thickness of 1.0-3 mm, and yield not exceeding 275 MPa indicates a declining trend from 2024 to 2028. In 2023, the actual import volume stood at approximately 4.445 million kilograms. The forecasted yearly volumes show a consistent decrease: 2024 at 4.1825 million kg, 2025 at 3.9235 million kg, 2026 at 3.6696 million kg, 2027 at 3.4208 million kg, and 2028 at 3.1769 million kg. Each year experiences a reduction, with the five-year CAGR reflecting this downward momentum.

Future trends to watch for:

• Increasing domestic production capabilities which could further decrease import reliance.
• Potential policy changes affecting steel imports, such as tariffs or trade agreements.
• Technological advancements improving product specifications and demand.
• Global economic conditions impacting steel consumption and import patterns.