The forecast for iron and steel scrap consumption at manufacturers of steel castings in the Mountain and Pacific regions shows a consistent decline. From 2024's 17.22 thousand metric tons, predictions indicate a significant drop each year, culminating in just 4.07 thousand metric tons by 2028. This marks a substantial decrease from 2023 levels, though data is not provided for that year.

The year-on-year decline showcases a worrying trend, with notably steep decreases between 2025 to 2026, and again between 2027 and 2028. The compound annual growth rate (CAGR) over the forecast period reflects a pronounced negative trajectory in scrap consumption.

Future trends to watch for:

The potential impact of technological advancements and efficiency improvements in steel production processes.
Policy changes related to environmental and recycling mandates.
Market shifts in the supply chain and availability of alternate raw materials.