Forecast: Import of Hot-Rolled Iron or Non-Alloy Steel in Coils, of a Width of 600 mm or More, Thickness Less Than 3 mm and Minimum Yield Point Not Exceeding 275 Mpa to Canada

The import forecast for hot-rolled iron or non-alloy steel in coils to Canada, with specific parameters, projects a steady decline over the period from 2024 to 2028. The value in 2023 stood at 73.234 million USD. Year-on-year, the forecasts indicate a decline: 2024 shows a 9% drop from 2023, 2025 a 11.4% decrement, 2026 a further 12.5% reduction, 2027 a decline of 13.9%, and 2028 decreases by 16%. The compound annual growth rate (CAGR) over the five years is projected to reflect an average annual decrease of 11.5%.

Future trends to monitor include:

• Global steel demand shifts that could impact pricing and import volumes.
• Investment in domestic steel production in Canada, possibly reducing import reliance.
• Policies related to trade tariffs and international trade agreements influencing market dynamics.