In 2023, Canada's imports of flat rolled iron or non-alloy steel coated with tin of a width of 600 mm or more and a thickness more than 0.5 mm were valued at 13.038 million USD. The forecast for 2024 is 13.238 million USD, marking a year-on-year growth of approximately 1.53%. The subsequent years from 2025 to 2028 continue this upward trend with annual increases ranging from 1.66% to 1.53%, projecting a healthy compounded annual growth rate (CAGR) during this period of about 1.49%.
Future trends to watch for include:
- Potential changes in global trade policies affecting steel imports.
- Technological advancements in domestic steel production which could reduce dependency on imports.
- Fluctuations in demand from key sectors such as automotive and construction.
- Environmental regulations and their impact on production and importation costs.
