In 2023, the consumption of iron and steel scrap at manufacturers of steel castings in Texas was recorded at 53.25 thousand metric tons. Projections indicate a steady annual increase in consumption from 2024 to 2028, starting at 54.84 and reaching 57.15 thousand metric tons. The year-on-year growth is consistent, ranging between 1.09% and 1.02%, resulting in a 5-year Compound Annual Growth Rate (CAGR) of approximately 1.19%.
Future trends to monitor include:
- Technological advancements that may improve recycling efficiency.
- Policy changes affecting scrap import/export regulations.
- Fluctuations in the steel industry demand influencing scrap consumption rates.
