The import forecast for flat rolled iron or non-alloy steel coated with tin, with a width of 600 mm or more and thickness over 0.5 mm, indicates a decline from $2.255 million in 2024 to $1.8286 million by 2028. This represents a diminishing trend at a compound annual growth rate (CAGR) over these five years. Compared to 2023, the steady decrease highlights a year-on-year downturn, suggesting an industry contraction or evolving demand-supply dynamics.

Future trends to watch:

Technological advancements in domestic steel production could further decrease import dependence.
Trade policies and international relations may impact import rates significantly.
Shifting economic conditions, including fluctuating raw material costs and energy prices, could redefine forecast accuracy.