In 2023, the consumption of iron ore and agglomerates in the U.S. stood at 35 million metric tons. Forecasts from 2024 to 2028 indicate a consistent annual decline in consumption, from 34.04 million metric tons in 2024 to 30.27 million metric tons in 2028. This represents an average decline of approximately 2.2% year-on-year over this period.

Future trends to watch:

Continued focus on environmental sustainability may impact iron ore demand, as the steel industry looks for greener alternatives.
Evolving industrial technologies could alter consumption patterns, possibly reshaping demand dynamics.
Economic factors and infrastructure developments will be crucial in determining consumption levels moving forward.