In 2023, the iron and steel supply available for consumption in Arkansas, Louisiana, and Oklahoma stood at 4.35 million metric tons. The forecasted data from 2024 to 2028 shows a gradual decline in the supply, with a reduction from 4.3 million metric tons in 2024 to 4.19 million metric tons by 2028. The year-on-year variation depicts a consistent decline, with the biggest drop of 0.7% between 2024 and 2025, and the average annual decrease, reflected in the CAGR, is about 0.7% over this five-year horizon.

Future trends to watch for:

Potential impacts of new regulations or trade policies affecting import and export dynamics.
Technological advancements and adoption in local manufacturing that could alter demand.
Emerging alternate materials and their impact on steel consumption.
Economic factors in the region driving infrastructure projects that could influence steel demand.