The import of iron or non-alloy steel bar and rod of free cutting steel to Germany is projected to see a slight decrease from 2024 to 2028. Starting at 40.697 million kilograms in 2024, it is forecasted to decline gradually to 40.386 million kilograms by 2028. This represents a consistent year-on-year decrease, with the average annual reduction being minimal. In 2023, the actual import volume stood at 40.776 million kilograms. The compound annual growth rate (CAGR) over the five-year forecast period indicates a minor negative trend.
Future trends to watch for include fluctuations in global steel prices, changes in EU trade regulations, and advancements in manufacturing technology that could impact demand for these steel imports. Additionally, shifts towards sustainable and recycled materials could affect import volumes.
