Forecast: Import of Hot-Rolled Products of Iron or Non-Alloy Steel of a Width of 600 mm or More Not Clad, Plated or Coated to China

The import of hot-rolled products of iron or non-alloy steel with a width of 600 mm or more, not clad, plated, or coated, to China is projected to steadily increase from 2024 to 2028, with values rising from $2.4522 billion to $2.5741 billion. Compared to 2023, the growth trend is consistent, showcasing a stable increase. Year-on-year growth percentages show modest increments, reflecting a consistent yet mild upward trajectory. Considering a five-year period from 2024 to 2028, the imports forecast shows a compound annual growth rate (CAGR) suggesting a gradual expansion in average annual terms.

Future trends to watch:

• Global steel market fluctuations which may impact import volumes and pricing.
• China's domestic production capacity changes and industrial policy adjustments that might affect import reliance.
• Environmental policies and green technology adoption in steel production, influencing import types and sources.