Forecast: Import of Hot-Rolled Iron or Non-Alloy Steel in Coils, of a Width of 600 mm or More, Thickness of 4.75-10 mm and Minimum Yield Point Not Exceeding 355 Mpa to Japan

The import of hot-rolled iron or non-alloy steel coils into Japan is projected to increase steadily from $137.01 million in 2024 to $139.89 million in 2028. The year-on-year growth is modest, averaging around 0.6% annually over this forecast period. This steady increase reflects a resilient demand for industrial-grade steel in the Japanese market, aligning with gradual recovery expectations post-2023. The value stood at approximately $136 million in 2023, indicating a subtle upward trend.

Future trends to monitor include:

• Sustainability impacts and any emergent green steel technologies that could influence import demand.
• Global economic fluctuations affecting steel prices and availability.
• Japan's domestic production capabilities and policies on infrastructure and construction.