In 2023, the consumption of low-phosphorus plate and punchings in the US was recorded at 2.38 million metric tons. The forecast indicates a steady increase from 2024 to 2028, with a growth trajectory moving from 2.4 million metric tons in 2024 to 2.46 million metric tons by 2028. The year-on-year growth rate hovers around 0.42% to 0.82%, showcasing a consistent rising trend. Over the five-year period, the compound annual growth rate (CAGR) is approximately 0.67%.
Future trends to watch include advancements in recycling technologies and changes in steel industry demand, both of which could significantly impact consumption patterns of scrap materials in the coming years.
