In 2023, Canada imported approximately 18.1 million kilograms of hot-rolled stainless steel not in coils, with a width of 600 mm or more and thickness of 4.75-10 mm. The forecast from 2024 to 2028 indicates a steady rise in import volumes, with values projected to grow from 18.44 to 19.63 million kilograms. The year-on-year increase averages around 1.8%, reflecting a consistent demand. The compounded annual growth rate (CAGR) over the five years is approximately 1.6%, depicting stable market conditions.
Future trends to watch for include potential fluctuations in global steel prices, changes in trade policies, and Canada’s domestic demand for stainless steel in key industrial sectors. These factors could influence future import volumes and market dynamics.
