In 2023, stainless steel scrap exports in the US were at 438.75 thousand metric tons. Forecast data suggests a declining trend over the next five years, with annual values projected to reduce to 383.97 thousand metric tons by 2028. Year-on-year analysis reveals a consistent decline, with average annual decreases: 2.61% from 2024 to 2025; 2.63% from 2025 to 2026; 2.65% from 2026 to 2027; and, 2.67% from 2027 to 2028. The five-year compound annual growth rate (CAGR) indicates an annual average decline of 2.52%.
Future trends to watch include:
- Global economic recovery pace influencing demand.
- Trade policy shifts impacting export dynamics.
- Sustainability initiatives leading to changes in recycling and material use.
- Technological advancements enhancing domestic recycling efficiency.
