The forecast for slag scrap shipments in the US shows a gradual decline from 2024 to 2028. In 2024, shipments are expected to be 485.99 thousand metric tons, slightly decreasing each year to 475.27 thousand metric tons by 2028. Comparing year-on-year, 2025 sees a 0.57% decrease from 2024, 2026 a 0.56% fall from 2025, and a similar trend continues through to 2028. In 2023, shipments stood at a slightly higher level, indicating a consistent downward trend with a compound annual growth rate (CAGR) yielding an average decrease of around 0.55% per year over five years.
Future trends to watch:
- Technological advancements in recycling processes could impact the demand and supply dynamics of slag scrap.
- Shifts in the steel manufacturing process may arise from increasing environmental regulations.
- Changes in global trade policies affecting raw materials may also influence slag scrap utilization.
