In 2023, Italy imported 803.12 million kilograms of flat rolled products of non-alloy steel wider than 600 mm. Based on the forecast data, a declining trend is expected from 2024 to 2028. Notably, imports are projected to decrease year-on-year by approximately 5.19% in 2025, 5.42% in 2026, 5.67% in 2027, and 5.96% in 2028. The compound annual growth rate (CAGR) from 2024 to 2028 depicts an average annual decline of about 5.60%.
Future trends to watch for include:
- Potential changes in European Union trade policies impacting steel imports.
- Economic factors affecting Italy's manufacturing sector and demand for steel.
- Advancements in steel production technologies affecting import volumes.
- Global steel market dynamics influencing pricing and supply chain decisions.
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