In Texas, pig iron consumption at iron foundries and miscellaneous users is forecasted to decline from 10.89 thousand metric tons in 2024 to 8.93 thousand metric tons in 2028. This represents a steady decrease year-on-year. Between 2024 and 2025, the consumption declines by 4.7%, followed by a 4.7% reduction in 2026, a 4.9% reduction in 2027, and a 5% decrease by 2028. Over the forecast period from 2024 to 2028, the compound annual growth rate (CAGR) is approximately a negative 5%.
Looking into the future, factors to watch for include potential shifts in industrial demand, technological advancements in substitutes, and potential impacts of environmental regulations on production processes. These could further influence pig iron consumption trends in Texas.
