The iron and steel scrap consumption in Arizona, Colorado, Idaho, Montana, and Utah is projected to decrease from 1.91 million metric tons in 2024 to 1.79 million metric tons by 2028. This represents a slight year-on-year decline of approximately 1.57% from 2024 to 2025, stabilizing around that pace through 2028. The compound annual growth rate (CAGR) for the period spanning 2024 to 2028 is estimated to be negative, indicating a steady contraction in the market.
Future trends to watch include the implementation of environmentally sustainable practices, which could influence recycling rates and scrap availability. Additionally, innovations in production technologies and regulatory shifts may impact consumption patterns.
