Iron and steel scrap consumption at manufacturers in Illinois shows a declining trend from 2024 to 2028, starting at 1.04 million metric tons in 2024 and decreasing to 0.855 million metric tons by 2028. Compared to 2023’s consumption of approximately 1.08 million metric tons, the year-on-year variation from 2024 indicates a steady reduction, with a CAGR over five years reflecting a consistent decrease in utilization. The decline averages around 2-3% annually.
Future trends to watch for include potential technological advancements in recycling processes and policy impacts on scrap metal utilization. Additionally, shifts in global steel demand and increased emphasis on sustainability could influence local scrap consumption dynamics in Illinois.
