In 2023, the consumption of low-phosphorus plate and punchings at iron foundries and miscellaneous users in the US stood at an estimated value of 690,000 Metric Tons. The forecast from 2024 to 2028 shows a consistent downward trend, with a year-on-year percentage decrease of approximately 1.60% from 2024 to 2025, and a 1.60% annual decline compounded over five years (CAGR). By 2028, the volume is expected to fall to 637,080 Metric Tons.
Future trends to watch include potential advancements in scrap recycling technology, regulatory changes in phosphorus content, and shifts in demand for iron-based products, which could alter consumption patterns at iron foundries and miscellaneous users.
