In 2023, the consumption of machinery and cupola cast iron scrap at iron foundries and miscellaneous users stood at 505 thousand metric tons. Forecasted figures from 2024 to 2028 show a progressive decline in consumption. Year-on-year variations suggest a steady decline, averaging around 1.6% annually from 2024 to 2025 and similar rates through 2028. The compound annual growth rate (CAGR) over the five-year period is approximately -1.7%, indicating a consistent downtrend in scrap consumption.

Future trends to watch for include:

The impact of increased environmental regulations driving more efficient scrap usage.
Technological advancements in recycling and the manufacturing process that could offset declines.
Potential economic fluctuations affecting the demand for iron foundry products.