The iron and steel scrap consumption in Alabama, Kentucky, Mississippi, and Tennessee was 12 million metric tons in 2023. From 2024 to 2028, consumption is forecasted to see a steady annual increase, reaching 12.89 million metric tons by 2028, reflecting a CAGR of 1.16%. Year-on-year, the increase hovers around 1.21% from 2024-2025, with similar consistent growth each consecutive year, supporting a stable demand in these states.
Future trends to watch for include the impact of economic policies on the steel industry, advancements in recycling technology, and regional industrial development which may further influence scrap consumption patterns.
