The import of hot-rolled bars in tool steels to Germany is predicted to decline steadily from 2024 to 2028. The year-on-year decrease suggests a downward trend in volume, beginning with 20.455 million kilograms in 2024 and declining annually to 14.275 million kilograms by 2028. This represents a compound annual growth rate (CAGR) of negative value over the next five years, emphasizing a substantial contraction in imports.
Future trends to monitor include:
- Global steel market fluctuations influencing import volumes.
- Changes in Germany's domestic steel production capacity.
- Impact of technological advancements and sustainability measures on demand for tool steels.
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