The forecasted iron and steel scrap consumption in Arkansas, Louisiana, and Oklahoma shows a gradual decline from 2024 to 2028, starting at 4.25 million metric tons in 2024 and descending to 4.13 million metric tons in 2028. Compared to 2023, this reflects a predictable downward trend, with annual decreases ranging between 0.7% to 0.8%. Over the next five years, the compound annual growth rate (CAGR) averages a negative growth, indicating a consistent reduction in consumption.
Future trends to watch include potential shifts in manufacturing processes or technological advancements that could affect scrap consumption, as well as economic factors influencing raw material needs and recycling rates.
