Forecast: Import of Hot-Rolled Iron or Non-Alloy Steel in Coils, of a Width of 600 mm or More, Thickness of 3-4.75 mm and Minimum Yield Point Not Exceeding 355 Mpa to China

The import volume of hot-rolled iron or non-alloy steel in coils to China is forecasted to increase steadily from 2024 to 2028, starting at 1.5219 billion kilograms in 2024 and reaching 1.7042 billion kilograms by 2028. The year-on-year percentage growth shows consistent increases, indicative of strong demand and potential industrial expansion. This upward trend suggests a growing reliance on these imports possibly due to domestic production limitations or increased consumption needs. Over the five-year period, the compound annual growth rate (CAGR) reflects a robust upward trend, emphasizing a significant focus on importation within China's industrial sector.

Future trends to monitor include changes in global steel prices, shifts in China's domestic production capabilities, and potential trade policy adjustments that could impact import volumes. Observing these factors will be crucial for understanding long-term market dynamics and the sustainability of this growth trajectory.