The forecast for alloy steel (except stainless) ending stocks at manufacturers of pig iron and raw steel and castings in the US is projected to increase steadily over the 2024-2028 period, from 275.88 thousand metric tons in 2024 to 309.68 thousand metric tons in 2028. This represents a Compound Annual Growth Rate (CAGR) of approximately 2.9%. In comparison to prior years, the details for 2023 aren't provided, but the upwards trajectory indicates an optimistic outlook for the sector.
Future trends to watch for include potential impacts from global supply chain changes, technological advancements in production, and domestic policies affecting steel tariffs and environmental regulations. Additionally, market demand both domestically and internationally for alloy steel products will be a critical determinant in influencing stock levels going forward.
