As of 2023, the consumption of purchased and home scrap by electric furnaces at manufacturers of steel castings in the US was positioned at 3.24 thousand metric tons. This forecasted decline from 2024 to 2028 shows a significant negative trend, with the amount expected to reduce from 2.79 to 1.0 thousand metric tons, reflecting yearly decreases ranging from approximately -16.5% to -30.1%. The compound annual growth rate (CAGR) over the five-year period projects a substantial average decline in consumption.

Future trends to watch for include:

Technological advancements that may influence the consumption efficiency of electric furnaces.
Shifts in market demand for steel that could alter scrap consumption patterns.
Environmental policies impacting scrap recycling and utilization standards in steel production.