The forecasted import of waste or scrap of alloy steel, other than stainless to China, shows a steady increase from 2024 to 2028, beginning at 145.36 million kilograms in 2024 and reaching 157.19 million kilograms by 2028. The year-on-year growth between these years averages about 2% to 2.1%. In 2023, the data served as a baseline, before this upward trend began. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately 2.1%, indicating a consistent rise in imports.
Future trends to watch for include:
- The impact of global recycling initiatives on import volumes.
- China's domestic policy changes related to waste and scrap metal imports.
- Fluctuations in global steel demand and price, influencing import volumes.
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