The forecast for iron and steel scrap shipments at iron foundries and miscellaneous users in the US shows a significant decline from 12.13 thousand metric tons in 2024 to 3.02 thousand metric tons by 2028. The year-on-year variations average a reduction of around 21% annually during this period, indicating a consistent downward trend. The compound annual growth rate (CAGR) suggests a stark deceleration across these five years.

Future trends to watch for:

Global economic conditions affecting demand for iron and steel scrap.
Structural changes in the metal recycling industry.
Technological advancements impacting scrap sourcing and processing efficiencies.
Environmental regulations influencing recycling protocols and material recovery processes.