In 2023, consumer stocks of carbon steel in New England and the Middle Atlantic stood at 120. The forecasted data from 2024 to 2028 indicate a consistent decline. From 2024 to 2025, the year-on-year variation is approximately -8.20%. This decreasing trend continues with year-on-year variations of approximately -8.75% in 2026, -9.41% in 2027, and -10.19% in 2028. The 5-year Compound Annual Growth Rate (CAGR) is estimated to be -8.21%, reflecting a sustained downtrend.
Future trends to watch for include:
- Potential impact of global economic conditions on steel demand.
- Changes in regional manufacturing activity affecting supply and demand dynamics.
- Technological advancements in alternative materials impacting steel consumption patterns.
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