Forecast: Import of Hot-Rolled Iron or Non-Alloy Steel in Coils, of a Width of 600 mm or More, Thickness of 4.75-10 mm and Minimum Yield Point Not Exceeding 355 Mpa to China

In 2023, the import of hot-rolled iron or non-alloy steel in coils with specified dimensions to China was recorded at roughly 80 million kilograms. From 2024 onwards, a steady decline is forecasted, with values dropping from 77.733 million kilograms in 2024 to 67.783 million kilograms by 2028. The year-on-year percentage decrease is apparent, with a notable downward trend. The compound annual growth rate (CAGR) from 2024 to 2028 reflects a decrease, indicating a consistent reduction in import volume over this period.

Future trends to watch for include potential shifts in domestic production capabilities, evolving regulatory policies, or changes in demand due to global economic conditions which could impact import levels further. Monitoring China's infrastructure projects and global steel market developments will be crucial for future projections.