Forecast: Import of Sections, I of Iron or Non-Alloy Steel Not Further Worked Than Hot-Rolled, Hot-Drawn or Extruded, of a Height of More Than 80 mm to China

The forecast indicates that China's import of iron or non-alloy steel sections, specifically those not further worked than hot-rolled, hot-drawn, or extruded and with a height exceeding 80 mm, is projected to decline from 11.196 million kilograms in 2024 to 4.8994 million in 2028. In comparison, the 2023 figures were higher, demonstrating a consistent downward trend over the forecasted period.

The year-on-year variation shows a continuous decline, reflecting decreased imports year after year. The compounded annual growth rate (CAGR) over the five-year forecast period reveals an average yearly drop in imports, emphasizing a significant reduction in volume.

Future trends to watch for include the potential impact of China's domestic steel production capabilities increasing, government policies on import tariffs, and global market conditions affecting supply and demand balance. These factors could further influence the import trajectory of these steel sections.