The import of welded hollow profiles or tubes of iron or steel with non-circular cross-sections to the US is forecasted to increase from 2024 to 2028, with values rising steadily from $843.82 million in 2024 to $913.98 million in 2028. As of 2023, the import stood at $827 million. Year-on-year, the projected growth is modest yet consistent, with an average increase of around 2% annually over these five years, reflecting a gradual upward trend supported by a 2023 to 2028 compound annual growth rate (CAGR) of approximately 2%.

Future trends to watch for include:

Potential shifts in global steel production and supply chains which could impact import levels.
Economic policies around trade tariffs and regulations that may affect pricing and import volume.
Technological advancements in steel manufacturing that could influence domestic production capabilities.
Market demand fluctuations within key industries such as construction and infrastructure development.