In 2023, iron ore consumption in blast furnaces in the US stood at XYZ million metric tons. Forecasts from 2024 to 2028 suggest a steady decline in consumption, with a starting point of 35.02 million metric tons in 2024 and decreasing to 32.03 million metric tons by 2028. This trend indicates a compound annual growth rate (CAGR) of approximately X% per year.

Future trends to watch for include:

Technological advancements in steel production that may decrease reliance on traditional blast furnace methods.
Shifts towards greener production methods, potentially affecting overall iron ore demand.
Economic factors influencing domestic steel production and imports.