Forecast: Import of Cold-Rolled Products of Iron or Non-Alloy Steel of a Width of 600 mm or More Not Clad, Plated or Coated to India

The forecast for the import of cold-rolled products of iron or non-alloy steel to India indicates a steady decline from 2024 to 2028. Starting at 242.66 million US dollars in 2024, the value is expected to drop progressively to 173.04 million US dollars by 2028. Compared to the actual figures from 2023, this trend shows a consistent decrease. The year-on-year percentage variations reflect this downward trajectory, highlighting a declining industry demand or supply adjustments. The compound annual growth rate (CAGR) over this period suggests a decreasing average annual import value.

Future trends to watch for include the impact of domestic production capabilities, potential trade policies altering import dynamics, and shifts in global steel supply and pricing. Observing these factors will be essential to understanding how they may influence future import patterns and the broader steel market landscape in India.