In 2023, the sales of steel pipes and tubes producing semifinished shapes or plate in the US stood at 1.4 billion USD. Forecasted figures show a consistent annual decline from 2024 onwards, with sales dropping to 1.277 billion USD in 2024. These values decrease year-on-year by approximately 11.8% through 2025 and fall further to 0.977 billion USD by 2026, reflecting a continual downward trend. By 2028, sales are projected at 0.690 billion USD, suggesting an average annual contraction of about 14.4% over the five-year period, also expressed as a compound annual growth rate (CAGR).

Future trends to watch for:

Potential market recovery driven by increased infrastructure investments or policy changes.
Technological advancements influencing production efficiency and cost-effectiveness.
Shifts in global trade policies impacting import-export dynamics.
Environmental regulations driving demand for sustainable manufacturing practices.