In 2023, the re-import of bar and rod of silico-manganese steel not in coils to China stood at approximately 4.55 million kilograms. The forecast from 2024 to 2028 highlights a gradual year-on-year increase: 4.738, 4.9335, 5.1251, 5.3129, and 5.4969 million kilograms, respectively. The average annual growth rate (CAGR) over these five years is projected to be in the low single digits, indicating steady but moderate growth.
Key trends to watch for in the future include changes in global steel demand, shifts in China's industrial policy, and fluctuations in raw material prices that could affect the cost-effectiveness of re-importation.
