The forecasted import volumes of flat-rolled iron or non-alloy steel, clad, with a width of less than 600 mm to China indicate a steady decline from 2024 through 2028. Starting at 8.3834 million kilograms in 2024 and dropping to 4.3304 million kilograms in 2028, this represents a compound annual growth rate (CAGR) consistent with a downward trend.
The market in 2023 was characterized by higher import levels, aligning with broader industrial demands and usage within China's manufacturing sectors.
Future Trends to Watch For:
- Potential changes in domestic production capabilities affecting import reliance.
- Shifts in global supply chains or trade policies impacting import levels.
- Technological advancements in steel production that could alter material preferences.