Forecast: Shipments of Iron and Steel Scrap in Ohio in the US

The forecast for shipments of iron and steel scrap in Ohio from 2024 to 2028 shows a steady decline, starting at 155.85 thousand metric tons in 2024 and decreasing to 147.02 thousand metric tons by 2028. This represents an annual decrease of approximately 1.6%, indicating a gradual reduction in shipments. Compared to the last available actual data in 2023, there is a noticeable negative trend.

Future trends to watch for include:

  • Potential impacts of economic fluctuations on the construction and manufacturing sectors, which drive demand for scrap metal.
  • Technological advancements in recycling processes that might improve efficiency and influence supply.
  • Environmental regulations affecting the scrap industry and potential shifts towards more sustainable practices.

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