The forecast for stainless steel scrap ending stocks at manufacturers of steel castings in the US from 2024 to 2028 shows a consistent decline, starting at 13.29 thousand metric tons in 2024 and decreasing to 8.06 thousand metric tons by 2028. This reflects a year-on-year decrease of approximately -10.15% from 2024 to 2025, -11.06% from 2025 to 2026, -12.25% from 2026 to 2027, and -13.51% from 2027 to 2028. The compound annual growth rate (CAGR) over this five-year period indicates an average annual decrease of approximately -11.80%.
Future trends to watch for include shifts in the demand for stainless steel due to technological advancements, regulatory changes impacting steel production and recycling, and potential economic factors influencing raw material usage. Additionally, sustainability efforts and circular economy initiatives could alter the dynamics of scrap availability and utilization.
