The forecast for cut structural and plate consumption of purchased and home scrap at manufacturers of pig iron and raw steel and castings in the US shows a gradual decline from 4.05 million metric tons in 2024 to 3.95 million metric tons by 2028. Compared to 2023, the earlier data point projects a minor continuous decrease over these years. The year-on-year variation reveals slight declines of approximately 0.5% to 0.8%. This indicates mild but consistent reductions in consumption projected over the forecasted period.
Key future trends to watch for include:
- The impact of sustainable practices on scrap usage and recycling methods.
- Technological advances in steel production that could alter material requirements.
- Market dynamics driven by global trade policies affecting material sourcing.
