The data shows a consistent decline in iron and steel supply available for consumption in Delaware and Maryland from 2015 to 2019, decreasing from 349.08 to 79.21 thousand metric tons. On average, this represents a negative compound annual growth rate (CAGR) over these years. As of 2023, the supply stood at critically low levels, echoing past declining trends. The year-on-year decline highlights diminishing availability impacting regional industries relying on these materials.
Future trends to watch for include:
- Potential recovery in supply due to policy changes or economic developments.
- Increased local production efforts to mitigate import dependency.
- Technological advancements in materials science affecting supply dynamics.
- Impact of national and international trade policies on regional material availability.