The forecast for the import of flat-rolled silicon-electrical steel with a width less than 600 mm to the US indicates a slight decline over the forecast period from 2024 to 2028. In 2023, the actual import value stood above these forecasted values, implying a reduction in import value over the coming years. The year-on-year variation shows a consistent downward trend, averaging a slight decline annually. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 reflects this steady decrease, suggesting external factors are contributing to the gradual downturn in imports.

Future trends to watch for include:

Developments in US-based production capacities and technological advancements in silicon-electrical steel manufacturing.
Trade policies impacting steel imports and tariffs on materials from major exporting countries.
Global demand shifts and supply chain dynamics affecting the availability and pricing of these imports.
Technological innovations that may alter the demand for flat-rolled silicon-electrical steel.