The forecast for slag scrap consumption in the US, from manufacturers of pig iron, raw steel, and castings, demonstrates a declining trend. Starting at 561.0 thousand metric tons in 2024, it consistently drops to 359.0 thousand metric tons by 2028. The year-on-year percentage variations show a steady decrease of approximately 9-11% per annum, reflecting a consistent contraction in consumption. In 2023, the actual consumption figure stood unknown in the current dataset, highlighting a critical gap in analyzing the trend accurately. Nevertheless, the average annual decline (CAGR) over the forecast period suggests a significant contraction in scrap usage.

Future trends to watch for include:

Technological advancements in recycling that might mitigate scrap consumption decline.
Potential regulatory changes impacting scrap recycling requirements.
Economic factors influencing steel production and the broader industrial activity in the US.