In 2023, pig iron consumption in Florida, Georgia, North Carolina, and South Carolina stood at 381.70 thousand metric tons. The forecast for 2024 anticipates a 2.58% increase to 391.54 thousand metric tons. Subsequently, the following years predict a steady growth rate of approximately 2.58% per annum, reaching 430.6 thousand metric tons by 2028. This indicates a Compound Annual Growth Rate (CAGR) of 2.58% over the five-year period.

Future trends to watch for:

The impact of infrastructure developments and industrial demand on pig iron consumption.
Potential supply chain disruptions or trade policies that may affect the availability and pricing of pig iron.
Technological advancements and sustainability practices influencing regional production capacities.