Between 2015 and 2019, No. 1 Busheling ending stocks at manufacturers of steel castings in the US showed a dramatic decline, decreasing from 730 metric tons to just 3 metric tons. This represents an average year-on-year decrease of approximately 46.4%. The compounded annual growth rate (CAGR) over the five years was approximately -62.8%, indicating a consistent and steep downward trend. As of 2023, the data suggest there were no significant remaining stocks held at manufacturers.
Future trends to watch for include fluctuations in steel casting demand, potential supply chain improvements, and changes in steel recycling practices. Environmental regulations and technological advancements may also influence supply levels and market balance. Monitoring these factors will be essential in predicting future stock levels.
