Forecast: Alloy Steel (Except Stainless) Shipments of Scrap in the US

The shipment of alloy steel scrap in the U.S. has shown a consistent decline from 2015 through 2019, with values dropping from 4.53 to 1.77 thousand metric tons. This represents a compound annual growth rate (CAGR) of approximately -24.8% over the five years leading to 2019.

Key trends and future observations:

• Increased emphasis on sustainability and recycling might stimulate scrap recovery efforts.
• Technological advancements could improve efficiency in scrap processing.
• Economic factors, such as industrial demand and import/export policies, will significantly affect market dynamics.
• The influence of global steel market developments and the regulatory environment are critical factors to monitor.