The forecast for new iron and steel supply available for consumption in Ohio shows a gradual decline from 7.26 million metric tons in 2024 to 7.13 million metric tons in 2028. This represents a slight decrease year-on-year, with the most significant drops occurring consistently across the forecast period. The average Compound Annual Growth Rate (CAGR) over the five years is negative, illustrating a declining trend in supply availability.
Future trends to watch for include:
- Potential shifts in demand for iron and steel in key sectors such as construction and manufacturing.
- Technological advancements or policy changes that could improve production efficiency and supply.
- Global market conditions and trade policies affecting material supply chains to Ohio.