In 2023, the coke consumption in the smelting and pressing of ferrous metals in China stood at approximately 43.1 ten million metric tons. Moving into the forecast period from 2024 to 2028, a consistent annual growth is observed. The consumption is expected to rise, reflecting an increase of about 1.9% annually, reaching 47.12 ten million metric tons by 2028. The Compound Annual Growth Rate (CAGR) for these five years is projected to be approximately 1.78%.

Future trends to watch for include:

Technological advancements in smelting processes potentially reducing coke dependency.
Regulatory changes focusing on environmental impacts that may affect coke usage.
Fluctuations in the global steel market influencing demand.
Development and adoption of alternative materials and energy sources.