Forecast: Import of Hot Rolled Iron or Non-Alloy Steel Not in Coils, of a Width of 600 mm or More, Thickness More Than 10 mm and Minimum Yield Point Not Exceeding 355 Mpa to the US

The import forecast for hot rolled iron or non-alloy steel not in coils, width 600 mm+, thickness 10 mm+, and a minimum yield point not exceeding 355 MPa to the US illustrates a declining trend between 2024 and 2028. The quantity is predicted to diminish from 255.62 million kg in 2024 to 155.52 million kg in 2028.

Significant year-on-year reduction rates are observed throughout this period, with imports declining by approximately 10% from each preceding year. The five-year compound annual growth rate (CAGR) indicates an average annual decrease, underscoring a persistent contraction in demand or possible supply changes.

Future trends to watch include:

  • Potential changes in US manufacturing capacity or infrastructure projects affecting demand.
  • Shifts in international trade policies or relations impacting supply chains.
  • Technological advancements or material substitution affecting preferences for steel properties.

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