The import of iron and non-alloy steel in ingots to China was valued at 3.7 million USD in 2023. The forecast for the coming years indicates a declining trend, with values decreasing from 3.4539 million USD in 2024 to 2.0459 million USD in 2028. Year-on-year, the forecasted import values show a steady decline, indicative of a 10.5% compound annual growth rate (CAGR) depreciation over the five-year period.
Future trends to watch include:
- Global economic recovery impacting demand.
- China's domestic steel production capacity changes.
- Potential shifts in trade policies or tariffs affecting import dynamics.
