In North Carolina and South Carolina, the forecast for new iron and steel supply available for consumption shows a steady increase from 4.08 million metric tons in 2024 to 4.22 million metric tons in 2028. Comparing to 2023, where the supply stood at approximately 4.05 million metric tons, a year-on-year growth trend can be observed. The variation percentage between 2024 and 2023 is approximately 0.74%, with a consistent increase in subsequent years. The five-year compound annual growth rate (CAGR) indicates a gradual increase in supply availability.
Future trends to watch for include:
- Technological advances in steel production impacting supply.
- Shifts in regional industrial demand influencing consumption patterns.
- Policy changes affecting import and export of iron and steel.
