As of 2023, consumer stocks of steel and iron scrap in Minnesota and Wisconsin stood at an undisclosed value. Forecast data predicts a significant decrease of these stocks from 2024 to 2028. The projections show a decline from 15.1 thousand metric tons in 2024 to just 0.42 thousand metric tons by 2028. This represents a dramatic reduction in stockpiles, with a compound annual growth rate (CAGR) signaling an overall downward trend over the five-year period.
Future trends to watch:
- Monitor policy changes impacting recycling and scrap metal collection.
- Assess technological advancements in metal production affecting scrap demand.
- Evaluate the global steel market dynamics for broader supply-demand impacts.
Latest reports
US Steel Market Report- Q1 2025
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China Steel Market Report- Q1 2025
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Japan Steel Market Report- Q4 2024
In the fourth quarter of 2024, the steel industry in Japan navigated a complex economic landscape characterized by declining production levels and fluctuating...
Germany Steel Market Report- Q1 2025
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India Steel Market Report- Q1 2025
In the first quarter of 2025, the steel industry in India has exhibited considerable dynamism, driven by both domestic and international factors. The...
France Steel Market Report- Q1 2025
The France steel market in Q1 2025 faced a challenging quarter characterized by a decline in production and a complex economic backdrop. The...
Canada Steel Market Report- Q1 2025
The first quarter of 2025 has been transformative for the Canadian steel market, characterized by significant changes in trade policies and market dynamics....
Brazil Steel Market Report- Q1 2025
The first quarter of 2025 has been a pivotal period for the Brazilian steel industry, marked by significant shifts in trade policies, sustainability...
Italy Steel Market Report- Q1 2025
The Italy steel market in the first quarter of 2025 is navigating a complex landscape characterized by fluctuating production and evolving market demands....
South Korea Steel Market Report- Q1 2025
The South Korean steel market is navigating a complex landscape in Q1 2025, influenced by global trade policies, domestic economic conditions, and technological...
