As of 2023, the re-import of hot rolled bar, rod of iron, or non-alloy steel in irregular coils to Canada stood at a lower mark than the forecasted figures for the upcoming years. From 2024 to 2028, the re-import values continue a steady upward trend, indicating an annual rise from 1.3198 to 1.4988 million US dollars. This trajectory reflects a consistent compound annual growth rate (CAGR) over the five-year forecast period.
Future trends to watch for include:
- Fluctuations in global steel prices impacting import costs.
- Policy changes in trade agreements or tariffs affecting international trade dynamics.
- Potential shifts in domestic demand or need for specific steel grades in Canadian industries.