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

In 2023, the import of sections U/I/H of iron or non-alloy steel to China stood at a certain level prior to forecast data. The projected figures from 2024 to 2028 indicate a steady growth trajectory. Import value is expected to rise from $14.4 million in 2024 to $15.647 million by 2028, with year-on-year growth rates reflecting consistent increases: approximately 2.225% in 2025, 2.141% in 2026, 2.056% in 2027, and 1.967% in 2028. This represents a compound annual growth rate (CAGR) of about 2.08% over the five-year period.

Future trends to watch for include:

• Potential shifts in China's infrastructure and construction policies affecting steel demand.
• Global market conditions influencing steel prices and trade dynamics.
• Technological advancements in steel manufacturing and processing.
• Supply chain disruptions or improvements impacting import levels.