The data indicates a sharp decline in iron and steel scrap consumption at iron foundries and miscellaneous users in Indiana from 2015 to 2019, with values decreasing from 224.68 to 83.2 thousand metric tons. This represents a compound annual growth rate (CAGR) of approximately -26.5% over the five years. Over the last two years, consumption declined by 28.71% from 2017 to 2018 and 29.19% from 2018 to 2019. As of 2023, the consumption levels remained low.
Future trends to watch for include technological advancements in recycling, potential policy changes impacting scrap usage, or shifts in industrial demand that may reverse or exacerbate these consumption trends.
