Forecast: Consumer Stocks of Steel and Iron Scrap in South Central in the US

The forecast for consumer stocks of steel and iron scrap in South Central US shows a gradual increase from 2024 to 2028, starting at 2.42 million metric tons in 2024 and reaching 2.56 million metric tons by 2028. This steady rise reflects a consistent year-on-year growth in the expected demand for scrap metals. The compound annual growth rate (CAGR) indicates a stable, moderate growth trajectory over the five-year period. In 2023, the value stood at a slightly lower level, underscoring the anticipated demand uptick.

Future trends to watch for include potential fluctuations in global steel production, advancements in recycling technologies, and legislative changes affecting scrap metal trade. Monitoring these factors will be crucial in understanding shifts in the scrap metals market dynamics.