The forecasted shipments of iron and steel scrap in the South Central U.S. show a consistent declining trend from 2024 to 2028, starting at 51.77 thousand metric tons and dropping to 42.65 thousand metric tons. This indicates a steady year-on-year decline in shipment volume, with a compound annual growth rate (CAGR) representing an average reduction per year over this period. In 2023, the shipment volume was higher, establishing a downward trajectory for the upcoming years.

Future trends to watch for:

Potential impacts of regulatory changes or economic policies on the scrap metal industry.
Technological advancements and their effects on recycling efficiency and demand.
Fluctuations in global demand for iron and steel affecting domestic shipments.