In 2023, the consumption of iron and steel scrap at iron foundries and miscellaneous users in Illinois was ### thousand metric tons. Based on forecasts, consumption is expected to decline gradually from 296.21 thousand metric tons in 2024 to 276.94 thousand metric tons in 2028. The year-on-year decline averages approximately -1.7%, indicative of a steady decrease in demand. Over the five-year span, the compound annual growth rate (CAGR) is roughly -1.6%, reflecting a consistent downward trend.
Future trends to watch for include potential shifts in the global steel market, the impact of sustainability initiatives, and technological advancements in recycling processes that may influence scrap consumption patterns in Illinois.
