Forecast: Import of Ingots, Other Primary Forms and Long Semi-Finished Products of Non-Alloy Steel to Italy

The forecast for Italy's import of non-alloy steel ingots and other primary forms shows a distinct downward trend from 2024 to 2028. In 2024, the import volume is expected to reach 693.4 million kilograms. This decreases significantly by 2028, reaching a forecasted 306.44 million kilograms. Year-on-year, the import volume decreases by approximately 14.2% in 2025, 16.3% in 2026, 19.3% in 2027, and 23.7% in 2028. This trend reflects a compounded annual growth rate (CAGR) of around -19.2% over the five-year period. As of 2023, the actual import volumes were not mentioned, prohibiting a baseline comparison.

Future trends to watch for:

• Global steel market dynamics, particularly regarding supply chain disruptions or changes in demand from major sectors.
• Economic policies and trade agreements affecting Italy’s steel importation, including potential tariffs or subsidies.
• Technological advancements that might alter steel production or recycling rates, potentially impacting import needs.
• The growth of steel alternatives that may reduce demand for non-alloy steel imports.