The import of waste and scrap of cast iron into the US is forecasted to rise from 287.41 million kilograms in 2024 to 313.48 million kilograms in 2028. In 2023, the volume stood at a lower level than projected for 2024. Year-on-year growth from 2024 to 2028 shows a steady increase per annum, highlighting consistent demand in this sector. Overall, the compound annual growth rate (CAGR) over these five years indicates a stable growth trajectory for imports.
Future trends to watch for:
- Market dynamics influenced by domestic and international supply chain changes.
- Environmental policies potentially affecting imports.
- Technological advancements in recycling and waste management.
- Economic factors impacting the steel and manufacturing industries.
