In 2023, the consumption of iron and steel scrap by manufacturers of steel castings using electric furnaces in the US stood at approximately 895.0 thousand metric tons. Forecasts anticipate a gradual decline, with a predicted consumption of 870.0 thousand metric tons in 2024, decreasing by 2.9% year-on-year. This downward trend continues, with a 3.0% average annual decrease projected over the next five years, culminating in 775.0 thousand metric tons by 2028.

Future trends to watch for include: