The re-import of bars and rods of silico-manganese steel not in coils to China is projected to see steady growth from 2024 through 2028. The forecasted data indicates a consistent year-on-year increase in value, averaging a rate of increase of approximately 3.6% over the five-year period. This steady rise reflects China’s increasing demand for raw and semi-finished materials to support its manufacturing and infrastructure sectors. Notably, in 2023, the re-import value stood at a baseline of 2.442 million USD, underscoring a gradually growing market.
Future trends to watch for include the impact of China's infrastructure development policies and potential fluctuations in global steel demand and pricing. Additionally, trade policies, environmental regulations on steel production, and domestic production capabilities may influence future re-import patterns and demand dynamics.