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.