In 2024, the UK is forecasted to import 13.55 million metric tons of iron. Compared to 2023, this represents a stabilization in imports. From 2025 onwards, a consistent year-on-year decrease is projected: 13.1 million metric tons in 2025, 12.66 in 2026, 12.22 in 2027, and 11.8 in 2028. This trend implies a reducing reliance on iron imports, with an average annual decline (CAGR) over the 5-year forecast period.
Future trends to watch for include:
- Potential shifts in global iron supply chains due to geopolitical tensions.
- Technological advancements in domestic production and recycling.
- Changes in the UK's industrial demand and sustainability initiatives.
