The re-import of stainless steel sheets cold rolled or reduced, with a width less than 600 mm to China, exhibited a declining trend according to the forecast for 2024-2028. Starting at 3.5874 million kilograms in 2024, a steady decrease is observed each year, reaching 3.406 million kilograms by 2028. From an annual perspective, the most significant observed drop is noted between 2027 and 2028, representing a modest reduction. The CAGR across this period suggests a gradual decline in import volumes annually. In 2023, the baseline standing was slightly above the 2024 projections, indicating an earlier reduction in the re-import market.
Future trends to watch:
- Fluctuations in global steel prices could impact the import volume.
- Trade policies and tariffs imposed by China on steel imports could influence future trends.
- Changes in domestic production capabilities and capacities affect reliance on re-imports.
- Technological advancements improving domestic processing might reduce the need for imports.
