The forecast for iron and steel scrap ending stocks at manufacturers of steel castings in the US shows a steady increase from 2024 to 2028, with values rising from 369.41 to 394.59 thousand metric tons. In 2023, these stocks stood at approximately the level seen in 2024. Over the forecasted period, the year-on-year variation suggests a consistent growth pattern, slightly under 2% annually, indicating a robust supply chain and stable demand. The compound annual growth rate (CAGR) for this period reflects a gradual increase, providing manufacturers with a consistent reserve of scrap materials.
Future trends to watch for include potential shifts in recycling technologies, changes in steel production demands, and environmental regulations affecting iron and steel recycling processes. Awareness of these factors will be crucial for future supply chain adjustments and strategic planning.
