In 2023, the iron and steel scrap ending stocks at iron foundries and miscellaneous users in the US were at a certain baseline from which forecasted data starts. From 2024 to 2028, a notable declining trend is observed with year-on-year decreases in stock levels: 88.81 thousand metric tons in 2024, decreasing steadily to 25.05 thousand metric tons in 2028. This suggests a contraction of approximately 64,2% over the five-year period, with a consistent decrease each year, reflecting a significant reduction in inventory levels.

Future trends to watch for include:

Impact of technological advancements in recycling processes on scrap demand.
Potential shifts in global trade policies affecting scrap export-import dynamics.
Economic influences such as construction and manufacturing activity levels, potentially driving demand fluctuations.