In 2023, pig iron consumption in Ohio stood at approximately 4.35 million metric tons. Forecasts suggest a gradual decline in consumption from 2024, with a drop to 3.88 million metric tons by 2028. Year-on-year variations highlight a consistent decrease, with an average annual compound growth rate (CAGR) of about -2.2% over this period.

Future trends to watch for:

Technological advancements in alternative materials potentially impacting pig iron demand.
Environmental regulations that might affect production and consumption patterns.
Industry shifts towards more sustainable practices influencing pig iron usage.