The consumer stocks of steel and iron scrap in the Mountain and Pacific regions of the US are projected to decline steadily from 2024 to 2028, starting at 198.77 thousand metric tons in 2024 and decreasing to 181.83 thousand metric tons by 2028. This represents a compound annual growth rate (CAGR) of approximately -2.2% over the five-year period. The data suggests a uniform year-on-year decrease, indicating an ongoing reduction in stock levels.
Future trends to watch for include potential shifts in demand for recycled materials, changes in domestic and global steel production, and evolving environmental regulations impacting scrap metal usage. Additionally, technological advancements in recycling could alter supply-demand dynamics.
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