The forecast for pig iron consumption by steel casting manufacturers in Illinois shows a decreasing trend from 2024 to 2028, dropping from 710 metric tons in 2024 to 600 metric tons by 2028. Looking back, the data indicates a projected annual decline, with consumption decreasing year-on-year by approximately 4.23% from 2024 to 2025 and by 3.03% from 2025 to 2026. The average annual decline over this five-year forecasted period (CAGR) is expected to be around 3.42%.

Confirmed contraction in pig iron consumption reflecting a possible shift in the material sourcing or manufacturing process.
Possible influence of technological advancements or increased sustainability initiatives in steel manufacturing.
Anticipated impacts of broader economic factors such as demand for steel, trade policies, and global market dynamics.