The ending stocks of direct-reduced iron (DRI) in the US are projected to decrease consistently from 128.0 thousand metric tons in 2024 to 108.0 thousand metric tons in 2028. This represents an average annual decline (CAGR) of approximately 4.1% over this five-year period. The forecasted downward trend suggests a strategic adjustment in inventory levels, potentially driven by shifts in production efficiency, market demand, or supply chain optimizations. In 2023, DRI ending stocks stood at 133.0 thousand metric tons, indicating a gradual decline starting from that year.
Future trends to watch for include:
- Potential impacts of technological advancements in steel production on DRI demand.
- Shifts in global supply chains influencing raw material sourcing strategies in the US.
- The influence of environmental policies promoting low-carbon steelmaking processes.
- Market dynamics from fluctuations in global steel demand and pricing.
