The forecast for the import of hot rolled stainless steel not in coils, with a width of 600 mm or more and thickness over 10 mm to China, shows a steady increase from 19.542 million kilograms in 2024 to 19.976 million kilograms in 2028. This represents a modest yet consistent year-on-year growth, suggesting a stable demand trajectory.
In 2023, the imports were slightly lower, forming the base for the forecasted growth in the following years. The average compound annual growth rate (CAGR) over the next five years is subtle but constant, indicating a gradual expansion of this market segment.
Future trends to watch include potential shifts in global trade policies, technological advancements in steel production, and China's evolving infrastructure projects, all of which may impact import volumes. Moreover, any economic fluctuations or changes in China's domestic steel production capacity may further influence these forecasts.
