Between 2018 and 2022, shipments of secondary aluminum alloys for steel deoxidation in the US significantly declined from 7.24 to 0.43 thousand metric tons, reflecting a substantial contraction in volume. This negative trend represents a striking compound annual growth rate (CAGR) of -43.57% over the five-year period. Although specific figures for 2023 are not provided, this trajectory suggests a continuation of the downturn.

Future trends to watch for include:

Potential shifts in demand driven by technological innovations in steel production or alternative deoxidation processes.
Environmental regulations that could impact raw material sourcing or promote recycling, influencing secondary aluminum market dynamics.
Economic factors affecting steel production rates and broader industrial activity, impacting demand for secondary aluminum alloys.