The forecast for imports of waste or scrap of tinned iron or steel to the US indicates a gradual increase from 2024 to 2028, growing from $48.8 million to $56.2 million. In 2023, before this forecast period, the actual figures and trends were notably lower, underscoring a steady growth trajectory.
The year-on-year growth rates across these forecasted years show a consistent upward trend, with a compound annual growth rate (CAGR) signaling robust market expansion within this five-year period.
Future trends worth monitoring include:
- Potential shifts in global scrap iron and steel demand.
- Trade policies that may affect import tariffs and quotas.
- Technological advancements in recycling and reuse processes.
- Environmental policies influencing waste management priorities.
