Forecast: Consumer Stocks of Steel and Iron Scrap in Arizona, Colorado, Idaho, Montana, Utah in the US

The consumer stocks of steel and iron scrap in Arizona, Colorado, Idaho, Montana, and Utah are projected to experience a significant decline from 2024 to 2028. In 2023, the stock stood notably higher than in the subsequent forecasted years. From 2024's 43.1 thousand metric tons, there is a projected annual reduction, culminating in a decrease to 27.07 thousand metric tons by 2028. This reflects a year-on-year percent decrease of approximately 9.6% initially, which accelerates over the forecast period. The compound annual growth rate (CAGR) over this five-year forecast period is expected to illustrate an average decline in stock levels.

Future trends to watch for include:

• Potential technological advancements in recycling that could alter demand dynamics.
• Economic policies affecting the steel and iron industry, such as tariffs or import/export regulations.
• Changes in the construction and manufacturing sectors that might impact scrap consumption.
• Environmental regulations that may incentivize recycling and affect stock volumes.