Forecast: Re-Import of Hot-Rolled Iron or Non-Alloy Steel in Coils, of a Width of 600 mm or More, Thickness of 3-4.75 mm and Minimum Yield Point Not Exceeding 355 Mpa to Canada

The forecast for the re-import of hot-rolled iron or non-alloy steel coils in Canada shows a consistent decline from 2024 to 2028, starting at 2.1458 million kilograms in 2024 and decreasing to 1.4295 million kilograms by 2028. Compared to 2023, where the volume was higher, this trend indicates a year-on-year decrease. Specifically, the variation between 2024 and 2025 is approximately -8.6%, followed by -9.2%, -10%, and -10.8% in subsequent years. Over the five-year period, the compound annual growth rate (CAGR) suggests an average annual decline.

Future trends to watch for include:

• Potential shifts in global steel demand and supply chain adjustments that could alter import needs.
• Changes in Canadian infrastructure projects that might increase local demand for steel.
• The impact of trade agreements or tariffs affecting steel imports.