In 2023, China's coal consumption in smelting and pressing of ferrous metals was XXX (assumed missing data, as 2024 figures begin forecasts). From 2024 to 2028, consumption is predicted to decrease consistently, from 25.9 to 23.67 ten million metric tons. This reflects a compound annual growth rate (CAGR) of approximately -2.3%. The year-on-year trends indicate a steady decline, driven by technological improvements and the push towards cleaner energy alternatives.

Future trends to watch for include:

Increased governmental regulations aimed at reducing carbon emissions further may accelerate the decline in coal consumption.
Technological advancements in alternative energy and smelting processes could influence coal demand and its substitution.
Market dynamics regarding global steel demand and production shifts particularly towards sustainable practices.