The forecast for No. 2 Heavy-Melting Steel ending stocks at manufacturers shows a downward trend. In 2023, stocks were at an unlisted benchmark figure which, by 2024, declined sequentially each year through 2028 to reach 256.5 thousand metric tons. The year-on-year decline starts from 2024, with an approximate decrease of 2% per year, culminating in a compounded average annual reduction rate (CAGR) of around 1.6% over this period. This suggests a gradual decrease in inventory levels.
Future trends to watch for include potential changes in global demand for steel, developments in recycling technologies, and policy changes that might affect production or import quotas. Additionally, tracking economic indicators that influence construction and manufacturing activities is crucial to anticipate shifts in inventory requirements.
