Forecast: Import of Flat Rolled Silicon-Electrical Steel of a Width of 600 mm or More to China

In 2023, the import of flat rolled silicon-electrical steel of a width of 600 mm or more to China stood at a noteworthy level. The forecast suggests a significant decline in imports from 2024 to 2028, with the volume dropping from 206.06 million kilograms in 2024 to 92.219 million kilograms by 2028. This forecast indicates an average annual decrease, or compound annual growth rate (CAGR), reflective of diminishing import reliance or potential domestic production increases.

Future trends to watch for include potential shifts in China's energy and manufacturing sectors that could influence silicon-electrical steel demand. Additionally, developments in domestic production capabilities and global trade policy adjustments may also impact future import levels. Monitoring these factors will be crucial for forecasting import trends beyond 2028.