In 2023, the iron and steel supply available for consumption in Alabama and Mississippi stood at 7.9 million metric tons. Forecasted data indicates a steady increase through 2028, with a year-on-year growth rate averaging around 1.6% annually from 2024 to 2028. This trend suggests a cumulative increase of approximately 8.5% over the five-year period.
Future trends to watch for include technological advancements in steel manufacturing, potential regulatory changes influencing production levels, and shifts in domestic or global demand that could affect the pace of growth in these industries.
