The consumption of iron and steel slag in the US displayed significant variation over the past decade. From 2013 to 2019, the market generally exhibited stability, with marginal year-on-year increases except for a notable dip in 2015. A significant decline occurred in 2020, with a reduction of 17% year-on-year due to global market disruptions. However, the market rebounded in 2021 with a growth of 21.16%, stabilizing at 18.0 million metric tons for 2022 and 2023. This stabilization is reflected in the minimal year-on-year variations of 0.56% in 2023.
Looking forward, the market is expected to experience modest growth, forecasted at a CAGR of 0.2% from 2024 to 2028. The projected value stands at 18.31 million metric tons by 2028.
Future trends to watch for include:
- Impact of technological advancements on slag utilization
- Changes in construction and infrastructure spending
- Environmental regulations influencing slag recycling and use
- Global iron and steel production trends
