In 2023, iron and steel scrap consumption in the North Central US was approximately 20.25 million metric tons. From 2024 to 2028, forecasts indicate a gradual but consistent decline in consumption. The year-on-year percentage decrease from 2024 to 2028 shows a steady downward trend, with a CAGR of approximately -1.28% over this period. This declining trend suggests that the region may experience reduced demand or efficiency improvements in scrap usage.

Future trends to watch for include:

Technological advancements in recycling and efficiency that could further reduce scrap demand.
Shifts in manufacturing demand or changes in industry dynamics within the North Central region.
Environmental policies or regulations that could impact scrap consumption positively or negatively.