The consumption of iron and steel scrap by iron foundries and miscellaneous users in the South Atlantic region of the US is forecasted to decline steadily from 2024 to 2028, starting at 299.67 thousand metric tons in 2024 and decreasing to 251.23 thousand metric tons by 2028. This represents a consistent year-on-year decrease. In 2023, the actual consumption stood at 310 thousand metric tons, highlighting a notable downtrend. The compound annual growth rate over this five-year period indicates an average reduction per year.
Future trends to watch for include potential shifts due to technological advancements in recycling processes, changes in industry demand, and the impact of economic factors on metal prices and availability, which could influence scrap usage patterns in the region.
