The forecasted consumption of low-phosphorus plate and punchings at US manufacturers of pig iron, raw steel, and castings shows a consistent upward trend from 2024 to 2028, starting at 821.98 thousand metric tons in 2024 and reaching 859.09 thousand metric tons by 2028. This indicates a steady growth with a year-on-year increase averaging around 1.1% over the period. In 2023, the consumption was slightly below this, reflecting a stable increase in demand for this material in subsequent years.
Looking ahead, manufacturers should monitor trends like technological advancements in recycling processes, shifts towards sustainable steel production, and any changes in regulation affecting scrap usage, which could impact future consumption patterns.
