In 2023, Texas's iron and steel scrap consumption at manufacturers of pig iron, raw steel, and castings stood at 2.71 million metric tons. Forecasts indicate a gradual decline over the next five years, dropping from 2.65 million metric tons in 2024 to 2.41 million metric tons by 2028. Year-on-year analysis reveals a consistent average decrease of approximately 2.3% annually.

Future trends to watch for include:

Technological advancements in recycling and manufacturing processes could influence scrap demand.
Potential policy and economic shifts affecting raw material sourcing and environmental regulations may alter consumption patterns.
Global steel market dynamics and supply chain disruptions could impact local demand for recycled materials.