In 2023, the ending stocks of cast-iron borings at manufacturers of pig iron, raw steel, and castings in the US stood at 15.23 thousand metric tons. Forecasted data suggests a slight decline from 2024, with a stepwise decrease to 15.13 thousand metric tons by 2028. The year-on-year percentage decreases are marginal, at approximately 0.13% per year. Over the five-year period, the compound annual growth rate (CAGR) indicates a consistent minor decline, reflecting a steady but slow decrease in inventory levels.
Future trends to watch for include potential impacts from shifts in domestic manufacturing demand, international trade policies, and advancements in recycling technologies, which may affect the need for maintaining high inventory levels of cast-iron borings.
