In 2023, the consumption of No. 1 Busheling at Iron Foundries and Miscellaneous Users in the US was 196.2 thousand metric tons. The forecasted data from 2024 to 2028 shows a consistent decreasing trend. Year-on-year variations indicate a steady decline, with the consumption falling from 178.79 thousand metric tons in 2024 to 111.13 thousand metric tons in 2028. This reflects significant reductions year-on-year.

Future trends to watch for:

Potential technological advancements in recycling that could mitigate the declining trend in scrap usage.
Global market changes influencing supply and demand dynamics for scrap materials.
Environmental regulations that may affect scrap consumption practices in the industry.