The US stainless steel scrap exports are projected to decline steadily over the coming years. In 2023, these exports were valued at approximately 220 million USD. The forecast for 2024 to 2028 indicates a consistent decrease, with an annual drop of around 15% to 24%. Specifically, from 2024 to 2025, the exports are expected to decrease by approximately 15%, followed by a similar trend until 2028, when they are projected to reach about 80.86 million USD. The five-year compound annual growth rate (CAGR) for the forecasted period indicates a significant average annual decline.
Future trends to watch for include:
- Fluctuations in global stainless steel demand which could impact US scrap exports.
- Economic shifts, particularly in major importing countries, impacting trade volumes.
- Policy changes regarding recycling and sustainability impacting material flow.
- Technological advancements in recycling processes potentially altering export dynamics.
