In 2023, consumer stocks of steel and iron scrap in Illinois were recorded at approximately 40.00 thousand metric tons. The forecasted data from 2024 to 2028 shows a consistent decline, with a projected decrease from 35.95 to 16.3 thousand metric tons. This indicates an average yearly decrease, depicted by a negative CAGR over the five-year span. The year-on-year reductions highlight a diminishing trend in consumer stocks.
Future trends to watch for include fluctuations in global market demand, changes in recycling practices, and potential impacts from environmental regulations affecting the supply chain and consumer behavior within the state and nationwide.
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