In 2023, the supply of iron and steel available for consumption in Mountain and Pacific regions of the US stood at 3.86 million metric tons. Forecasts from 2024 to 2028 illustrate a gradual decline in supply, with an estimated compound annual growth rate (CAGR) of -1.38%. Year-on-year variations show a consistent, albeit slight, decrease in supply from 2024 to 2028.
Future trends to watch for include:
- Potential impact of emerging technologies in recycling and efficient use of iron and steel.
- Effects of international trade policies and economic fluctuations on supply and demand.
- Shifts in regional manufacturing demands, particularly concerning green initiatives.
