The forecast for India's import of flat rolled iron or non-alloy steel coated with tin, with a width of 600 mm or more and thickness less than 0.5 mm, shows a steady increase from $140.58 million in 2024 to $153.07 million in 2028. In 2023, the import value stood at approximately $137 million. The year-on-year growth rates average around 2-2.5%, indicating a gradual increase in imports during this period. Over five years, the compound annual growth rate (CAGR) is consistent with this steady upward trend.
Future trends to watch include potential changes in global steel market dynamics, India's industrial growth, and policies affecting steel imports that may influence these forecasts. Market demand and technological advancements in steel production may also impact future import patterns.
