The import of wire of silico-manganese steel to China in 2023 was 28.6 million kilograms. The forecasted data from 2024 to 2028 indicates a steady increase. The year-on-year growth for 2024 is 3.5%, for 2025 is 3.5%, for 2026 is 3.3%, for 2027 is 3.2%, and for 2028 is 3.0%, resulting in a compound annual growth rate (CAGR) of approximately 3.3% over these five years.

Future trends to watch for include:

Potential shifts in global trade policies or tariffs affecting import dynamics.
Technological advancements in steel manufacturing that may impact demand.
Fluctuations in domestic production capacities and their implications on import needs.