The forecast for steel pipe and tubing shipments in the US, specifically mechanical tubing, indicates a gradual decline from 2024 to 2028. Starting at 524 thousand metric tons in 2024, it drops progressively each year, reaching 487 thousand metric tons by 2028. In 2023, this market stood at approximately 534 thousand metric tons, highlighting a clear downward trend. Year-on-year variations suggest an average decrease around 1.5% annually, calculated as a Compound Annual Growth Rate (CAGR) over the forecasted period.

Future trends to watch for:

Technological advancements in alternative materials, which may reduce demand.
Legislative changes impacting infrastructure investment and construction sectors.
Global supply chain challenges affecting import and export dynamics.