The forecast for iron and steel scrap shipments in Wisconsin from 2024 to 2028 indicates a steady increase from 5.69 thousand metric tons in 2024 to 5.78 thousand metric tons in 2028. This represents a modest annual growth rate of approximately 0.35% over this period. By comparing these forecasted figures to an estimated 5.67 thousand metric tons in 2023, the upward trajectory suggests a stable but slow growth trajectory.
Future trends to watch for include:
- Potential impacts of economic cycles on scrap availability and prices.
- Technological advancements in the recycling process that may enhance efficiency.
- Environmental regulations influencing the scrap metal industry's dynamics.
- Market demand shifts driven by infrastructural investments.
