The iron and steel scrap shipments in the US are forecasted to see a consistent year-on-year decline from 2024 to 2028. Starting with 606.0 thousand metric tons in 2024 and dropping steadily to 428.0 thousand metric tons by 2028, this trend represents a compound annual growth rate (CAGR) of approximately -8.7% over these five years. As of 2023, the actual figures for iron and steel scrap shipments are a relevant benchmark, against which these declines are measured.

Future trends to watch for include:

Potential changes in regulatory policies affecting scrap steel production and usage.
Technological advancements in recycling and processing capabilities.
Market demands and global economic shifts impacting raw material prices and availability.