The shipments of iron and steel scrap in Texas are projected to grow steadily from 2024 to 2028. Starting at 101.09 thousand metric tons in 2024, there is a consistent year-on-year increase, leading to a volume of 111.54 thousand metric tons by 2028. This indicates an annual growth rate, reflecting expanding demand or enhanced supply chain efficiencies. In 2023, the shipments were lower, establishing that the current forecasted increase is indicative of positive market dynamics. Over the five-year forecast period, the compound annual growth rate (CAGR) showcases a moderate yet reliable expansion in the shipments volume.

Future trends to watch include:

Emerging technologies in recycling processes which could influence the availability of scrap steel.
Regulatory changes that may either facilitate or hinder the scrap trade.
Global market fluctuations impacting supply and demand globally and in Texas.
Sustainability initiatives by corporations driving increased demand for recycled materials.