The iron and steel scrap consumption at iron foundries and miscellaneous users in Pennsylvania is expected to decline from 152.35 thousand metric tons in 2024 to 121.9 thousand metric tons by 2028. This represents a consistent annual decrease, with year-on-year declines averaging around 5.5%. This analysis highlights a downward trend following the data from 2023, where the metric stood at 160 thousand metric tons. The compound annual growth rate (CAGR) over the forecast period shows an average reduction of approximately 5.4% per year.
Future trends to watch for include shifts in the industrial demand for iron and steel scrap due to technological advancements, changes in manufacturing processes, and environmental sustainability initiatives, which could further influence consumption patterns in Pennsylvania.
