The forecast for China's import of bar and rod of silico-manganese steel in irregular coils shows a downward trend from 2024 to 2028, with quantities decreasing gradually each year. The volume is expected to decline from 22.948 million kilograms in 2024 to 21.704 million kilograms in 2028. This contraction represents a compound annual growth rate (CAGR) of about -1.4% over the five-year forecast period.
Future trends to watch for include:
- Potential trade policy changes that may affect import tariffs or regulatory standards.
- Shifts in domestic demand due to China's infrastructural growth influencing steel consumption.
- Technological advancements in production that may decrease reliance on imports.