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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