Forecast: Import of Hot Box Rolled Iron or Non-Alloy Steel Not in Coils, of a Width of 150-600 mm, Thickness More Than 4 mm, Unclad to the UK

The UK import of hot box rolled iron or non-alloy steel (of specified dimensions) is forecasted to decline from 2024 to 2028. In 2023, the volume was 20 million kilograms. Predictions show a steady decrease with a compound annual growth rate (CAGR) of approximately -1.1% over the next five years, highlighting a consistent year-on-year drop of around 1.4%.

Future trends to watch for:

• Monitor global steel production and pricing, which may impact import volumes.
• UK's industrial demand for steel as influenced by economic conditions.
• Trade policies affecting import tariffs and trade agreements with major steel-producing countries.