The consumer stocks of steel and iron scrap in the US have demonstrated varied trends over the years. Beginning at 4.19 million metric tons in 2013, the values experienced slight fluctuations until a significant drop to 3.47 million metric tons in 2020. Post-2020, the value recovered slightly to 4.17 million metric tons in 2021, but has shown a marginal declining trend since then. By 2023, the value stood at 4.14 million metric tons. The compound annual growth rate (CAGR) over the past five years shows an average annual decline of 0.31%.

Looking ahead, the forecast data indicates a gradual decline in consumer stocks, with the value expected to decrease to 4.06 million metric tons by 2028. Trends to watch for include:

Potential impacts of global supply chain dynamics and geopolitical factors
Technological advancements in recycling and manufacturing processes
Shifts in consumer demand and industrial usage of steel and iron scrap
Environmental regulations and sustainability initiatives potentially influencing scrap usage.