The consumption of No. 2 and all other bundles of purchased and home scrap at manufacturers of pig iron, raw steel, and castings in the US shows a stable trend from 2024 to 2028, with a minor but consistent annual increase in volume. The forecasted 2024 value is 940.35 thousand metric tons, highlighting a steady growth in scrap consumption. When comparing 2023 to 2024, the actual year-on-year variation was not provided, but the forecast indicates a minimal annual growth rate through 2028.
Future trends worth watching include the impact of technological advancements on scrap processing and recycling efficiency, potential shifts in trade policies affecting scrap material exports and imports, and developments in sustainability practices within the steel and iron manufacturing sectors. Additionally, monitoring economic factors that influence the construction and automotive industries may provide insights into future demand for pig iron and raw steel.
