Forecast: Import of Hot-Rolled Iron or Non-Alloy Steel in Coils, of a Width of 600 mm or More, Thickness Less Than 3 mm and Minimum Yield Point Not Exceeding 275 Mpa to Germany

The import value of hot-rolled iron or non-alloy steel in coils to Germany, with specific dimensions and yield point, was estimated in 2023 to be approximately equivalent to subsequent years' data forecasts. Starting at $677.25 million in 2024, a modest growth is predicted annually, with values reaching $686.73 million by 2028. This reflects an average annual increase or compound annual growth rate (CAGR) of about 0.34% over the five-year period from 2024 to 2028. The data implies a stable trend with minimal year-on-year fluctuations.

Future trends to watch for:

• Potential price changes in raw materials affecting cost and import volumes.
• Economic shifts within Germany that could influence industrial demand.
• Trade policies and global supply chain adjustments impacting steel imports.
• Technological advancements or alternative materials impacting traditional steel demand.