The forecast for iron and steel supply in the North Central US from 2024 to 2028 shows a gradual decline from 19.91 million metric tons in 2024 to 18.85 million metric tons in 2028. This reflects a steady year-on-year decrease, with the supply diminishing each year by approximately 1.36%. For context, the supply stood at 20.18 million metric tons in 2023, reflecting the start of this declining trend.

Future trends to watch for include:

Potential impacts from changes in industrial demand, particularly from automotive and construction sectors.
Environmental regulations which could alter production methods and supply levels.
Advancements in recycling technology which may influence new steel production needs.
Macroeconomic factors including trade policies and global steel market dynamics.