The analysis of steel ingots, blooms, billets, and slabs shipments in the US reveals a general trend of steady growth and stabilization. Between 2013 and 2023, there was a noticeable initial increase, peaking in 2014, followed by a slight decline through 2015, and then maintaining a relatively stable period from 2016 to 2023. The shipments in 2023 stood at 1090.0 thousand metric tons.
The year-on-year variation over the last two years was 0.37% in 2023. The compound annual growth rate (CAGR) over the last five years was 0.31%, indicating a steady annual increase.
Forecast data from 2024 to 2028 suggests a continuous but modest growth, with a forecasted CAGR of 0.22% over the next five years, reflecting a 1.1% growth rate by 2028.
Future trends to watch for include technological advancements in steel production, potential impacts from trade policies, and fluctuations in global demand and raw material prices.
