In 2023, the ending stocks for No. 2 Heavy-Melting Steel in the US stood at slightly above 280 thousand metric tons. The forecast from 2024 shows a consistent decline, with stocks projected to decrease to approximately 255.43 thousand metric tons by 2028. From 2024 to 2028, the year-on-year percentage decline averages around 1.7%, with a compound annual growth rate (CAGR) of around -1.8% over this five-year period, indicating a steady reduction in ending stocks.
Future trends to watch for include:
- Potential shifts in steel demand due to changes in industrial output and construction activities.
- Impacts of new technological advancements in steel recycling and production efficiencies.
- Influences of international trade policies affecting steel imports and exports.
Latest reports
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