In 2023, the import of hot rolled bar and rod in irregular coils of free cutting steel to China stood at approximately 12.8 million kilograms. The forecasted data for 2024 to 2028 shows a consistent decline, with volumes decreasing from 10.68 million kilograms in 2024 to 2.5542 million kilograms in 2028. The percentage change year-on-year indicates a significant reduction in imports.

Key variations over the last two years reveal a trend of decreasing demand, driven possibly by increased domestic production capabilities or shifts in industry demand. The compound annual growth rate (CAGR) over this period suggests an average annual decline in imports.

Future trends to watch for include:

Impact of technological advancements and increasing domestic production on import needs.
China's policy changes regarding steel importation and environmental regulations.
Global supply chain dynamics affecting availability and cost.