Forecast: Import of Hot-Rolled Iron or Non-Alloy Steel in Coils, of a Width of 600 mm or More, Thickness of 4.75-10 mm and Minimum Yield Point Not Exceeding 355 Mpa to China

The import of hot-rolled iron or non-alloy steel coils into China is forecasted to increase gradually from 2024 to 2028, starting at $69.432 million in 2024 and reaching $71.503 million by 2028. As of 2023, the import value stood slightly below the forecasted 2024 figure. The year-on-year growth rates indicate modest increases: approximately 0.77% in 2025, 0.75% in 2026, 0.73% in 2027, and 0.71% in 2028, signifying stable demand. The Compound Annual Growth Rate (CAGR) over the five-year period is indicative of consistent growth around 0.72% annually.

Future trends to watch for include:

• Global economic changes that could impact steel demand and prices.
• China's domestic production capacity adjustments and import dependency.
• Regulatory changes affecting trade tariffs and environmental standards.