Forecast: Import of Ferrous Waste or Scrap, Ingots or Iron or Steel to the US

In 2023, the import value of ferrous waste or scrap, ingots of iron or steel into the US was at an estimated point. Forecasts for the period 2024 to 2028 indicate a steady growth rate, with values increasing from $2.0524 billion in 2024 to $2.2445 billion in 2028. The year-on-year variation indicates consistent growth in import value, reflecting an increasing demand for these materials.

The compound annual growth rate (CAGR) over the five-year forecast period suggests a stable increase. Future trends to watch for include:

• Fluctuations in global steel demand and production capacities.
• Trade policy changes impacting import tariffs and regulations.
• Technological advancements in recycling and alternative materials.