The import of hot rolled bar, rod of iron or non-alloy steel in irregular coils to China is forecasted to consistently decrease from 2024 to 2028. Starting at 86.931 million USD in 2024, the projections indicate a year-on-year reduction with values declining to 30.926 million USD by 2028. This declining trend highlights a significant decrease in importing activities, suggesting an average annual contraction over the five years ahead.
Future trends to watch for include:
- Potential shifts in domestic production reducing reliance on imports.
- Trade policy changes impacting import tariffs or restrictions.
- Fluctuations in global steel prices affecting import dynamics.
