In 2023, pig iron consumption in the US stood at 23.25 million metric tons. From 2024 to 2028, consumption is forecasted to decline steadily, from 22.45 to 19.57 million metric tons. This indicates a consistent downward trend with year-on-year reductions of approximately 3.3% from 2024 to 2025 and an average annual decrease of 3.1% over the five-year period, reflecting a significant contraction in demand.

Future trends to watch for include:

Technological advancements in steel production potentially reducing pig iron use.
Increasing focus on recycling and sustainable alternatives impacting consumption.
Global economic fluctuations influencing the US industrial output and import patterns.