The forecast for pig iron receipts at manufacturers in the US indicates a consistent downward trend from 2024 to 2028, decreasing from 3.95 million metric tons to 3.11 million metric tons. This decline represents an average annual reduction of approximately 5.7% (CAGR), with notable year-on-year decreases: 2025 drops by 5.57%, 2026 by 5.63%, 2027 by 5.68%, and 2028 by 6.33% compared to the preceding years. In 2023, pig iron receipts stood at 4.13 million metric tons.

Future trends to watch for include:

Technological advancements in steel production potentially reducing the dependency on pig iron.
Shifts in global economic conditions affecting raw material demand and import-export dynamics.
Environmental regulations driving innovation towards sustainable manufacturing processes.