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

The forecast for the import of cold-rolled products of iron or non-alloy steel to China indicates a consistent decrease from $742.83 million in 2024 to $394.71 million by 2028. In 2023, this figure stood at $832.24 million. The year-on-year decline reflects the following percentages:

• 2024 vs. 2023: -10.7%
• 2025 vs. 2024: -12.1%
• 2026 vs. 2025: -13.5%
• 2027 vs. 2026: -15.2%
• 2028 vs. 2027: -17.6%

The compound annual growth rate (CAGR) from 2023 to 2028 is approximately -13.9%, indicating a significant downward trend over this period.

Future trends to watch include potential shifts in China’s domestic production capacity, changes in global steel pricing, and government policies affecting import tariffs. These factors could influence the trajectory of steel imports over the coming years.