The shipments of iron and steel scrap in the Mountain and Pacific regions of the US are forecasted to decrease significantly from 2024 to 2028, beginning with a volume of 14.72 thousand metric tons in 2024 and plummeting to just 1.36 thousand metric tons in 2028. This indicates an average yearly contraction rate of compound annual growth rate (CAGR) over the forecasted period. The trend shows a continuous year-on-year negative growth, with substantial declines observed even from the initial forecast year.
Future trends to watch for include changes in recycling technology, demand for raw materials in manufacturing, and environmental policies that might impact scrap production and shipment demand in these regions. Additionally, global market shifts in the metals industry might influence these local dynamics significantly.
