In 2023, Italy's imports of iron and steel waste from extra-EU27 sources stood at a level higher than the forecasted 2024 values. From 2024 to 2028, the imports are projected to decline significantly from 64.52 million euros to 28.33 million euros, with an average annual decrease (CAGR) showcasing a notable drop in demand or strategic shifts in sourcing. Year-on-year variations highlight a consistent downward trend, indicating potential shifts in the domestic or regional demand or policies affecting scrap importation.
Future trends to watch for include evolving EU policies on recycling and waste imports, potential technological advances in steel recycling within Italy, and fluctuations in global steel market prices that could influence import dynamics. Additionally, geopolitical developments could also impact trade patterns and sourcing strategies.
