In 2023, the import of hot rolled iron or non-alloy steel into Germany, not in coils and with specified dimensions, stood at a significant volume. The forecast for 2024 to 2028 shows a steady decline from 76.539 million kilograms to 71.208 million kilograms, indicating a gradual year-on-year decrease of about 1-2%. Specifically, the compound annual growth rate (CAGR) over this period highlights an average decline, reflecting a constant downward trend in demand or supply adjustments.
Future trends to watch for include potential shifts in Germany's industrial demands, global steel pricing influences, and any geopolitical changes impacting the steel supply chain. Monitoring emerging technologies and developments in alternative materials may further influence these import levels.
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