The import of waste or scrap of stainless steel to the US is projected to increase consistently from 2024 to 2028. The forecasted growth indicates a steady upward trend in volume, with the amount expected to rise from 404.96 million kilograms in 2024 to 457.5 million kilograms by 2028. Comparing the figures with 2023, there is an observable annual incremental growth in import volume, which is indicative of a sustained demand for scrap materials.
Future trends to watch for:
- A potential rise in domestic recycling capacities could influence import volumes.
- Fluctuating global stainless steel prices may impact import trends.
- Changes in US trade policies or environmental regulations could alter the import scenario.