In 2023, the import value of bar and rod of silico-manganese steel not in coils to Italy stood at approximately the same level as in 2024's forecast. The forecast indicates a gradual decline in imports over the next five years, with the import value decreasing slightly each year from 2024 to 2028. This trend suggests a slow annual decrease with a minor compounded average growth rate (CAGR) over this period.
Future trends to watch for include:
- Potential fluctuations in global market demand for silico-manganese steel that can influence import levels.
- Changes in trade policies and tariffs impacting Italy's import strategies.
- Innovation in local production capabilities that could reduce dependency on imports.
