The forecast for iron and steel scrap consumption in Florida, Georgia, North Carolina, and South Carolina indicates a stable trend from 2024 to 2028, starting at 3.96 Million Metric Tons and slightly declining to 3.95 Million Metric Tons towards 2027-2028. In 2023, the consumption level is assumed to be stable, indicating a plateau in demand in the Southeast region.
Year-on-year variations from 2024 to 2028 show minimal change, underscoring a period of demand stabilization. Over this five-year period, the Compound Annual Growth Rate (CAGR) reflects negligible variation, emphasizing a consistent consumption pattern without significant fluctuations.
Future trends to watch for include potential shifts in scrap metal recycling policies, changes in regional industrial activities, and the impact of global supply chain dynamics. Furthermore, advancements in technology that enhance recycling efficiency may either increase scrap consumption or encourage alternative material usage.
