The forecast for shredded or fragmentized consumption of purchased and home scrap at iron foundries and miscellaneous users in the US shows a consistent decline from 2024 through 2028, with values decreasing from 507.72 thousand metric tons to 402.17 thousand metric tons. There is an average annual decline of about 5.5% each year, indicating a clear downward trend. In 2023, actual consumption was over 507.72 thousand metric tons, marking the peak prior to this forecasted decline.
Future trends to watch for include:
- Potential impacts of technological advances in recycling efficiency.
- Changes in demand due to shifts in industrial or economic activity.
- Environmental regulations influencing scrap usage and availability.
