The Iron and Steel Scrap Ending Stocks in the US are projected to decline steadily from 4.05 million metric tons (mmt) in 2024 to 3.97 mmt in 2028. Compared to the actual stock level in 2023, this indicates a gradual reduction in stock levels. The year-on-year decline is approximately 0.49% for each subsequent year.

Future trends to watch for in the iron and steel scrap market include:

Increased demand in global steel markets potentially boosting scrap recycling rates.
Advancements in recycling technology improving recovery and efficiency.
Policy changes related to environmental concerns may impact scrap usage practices.
Economic fluctuations influencing production and manufacturing industries that utilize steel scrap.