The North Central region of the US shows a steady decline in home-generated obsolete iron and steel scrap from 2024 to 2028, starting at 42.13 thousand metric tons and dropping to 28.71 thousand metric tons. This marks a significant downward trend, with year-on-year variations generally hovering around a 9% to 11% decrease annually. Based on this 5-year forecast, a Compounded Annual Growth Rate (CAGR) of approximately -8.7% is projected, reflecting a substantial reduction in scrap volumes moving forward.

Future Trends to Watch:

Increasing emphasis on recycling and sustainable practices may influence these forecasts.
Technological advancements and evolving regulations could alter scrap generation rates.
Market dynamics, such as demand for steel and iron, can impact scrap recycling rates.