Forecast: Consumer Stocks of Steel and Iron Scrap in Indiana in the US

The forecasted consumer stocks of steel and iron scrap in Indiana are projected to increase modestly from 492.6 thousand metric tons in 2024 to 499.79 thousand metric tons in 2028. This represents a consistent year-on-year growth of approximately 0.37% to 0.36% across 2025-2028. In 2023, the stocks stood at a benchmark of approximately 490.8 thousand metric tons, highlighting a stable upward trajectory over the forecasted period. The compound annual growth rate (CAGR) from 2024-2028 is expected to average around 0.36%, indicating a steady, albeit slow, increase each year.

Future trends to watch for include technological advancements in recycling processes and potential regulatory changes impacting scrap metal demand. Economic factors influencing the automotive and construction industries, key consumers of steel and iron scrap, may also significantly impact future availability and demand dynamics in the market.