Forecast: Import of Sections L/T of Iron or Non-Alloy Steel Not Further Worked Than Hot-Rolled, Hot-Drawn or Extruded, of a Height of More Than 80 mm to the US

In 2023, the import volume of sections L/T of iron or non-alloy steel to the US was higher than 14.742 million kilograms, with a forecasted decline starting in 2024. The forecast for 2024 is 14.742 million kilograms, with subsequent forecasts indicating a steady decrease to 6.4562 million kilograms by 2028. The year-on-year percentage change from 2024 to 2025 shows a reduction of 14.5%, followed by a 16.6% drop in 2026, 19.5% in 2027, and an overall 23.7% from 2027 to 2028. Over the five-year period, the compound average growth rate (CAGR) indicates an annual decrease in import volume of approximately 21.3%.

Future trends to watch include the impact of domestic production advancements on import needs, changes in international trade policies affecting steel imports, and potential shifts in demand in infrastructure and construction sectors in the US. Monitoring global economic conditions and their effect on steel prices will also be pivotal in understanding the subsequent variance in these forecasts.