In 2023, Canada's import of cold rolled iron or non-alloy steel in coils of specified dimensions stood at a certain value. From 2024 onwards, forecasts indicate a steady decline in these imports, starting at 89.45 million USD in 2024 and decreasing to 77.21 million USD by 2028. Year-on-year, the import values drop consistently by approximately 3-4%. Over the five-year span ending in 2028, the compound annual growth rate (CAGR) suggests a moderate decline, reflecting a downward trend.
Future trends to watch for include potential changes in domestic production capabilities, shifts in trade policies, fluctuations in global steel prices, and developments in alternative materials that could impact demand. Moreover, economic conditions and infrastructure projects in Canada may influence steel import dynamics.
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