The iron and steel scrap consumption in Texas is forecasted to decline annually from 2024 to 2028, starting at 2.78 million metric tons in 2024 and reaching 2.51 million metric tons by 2028. This represents a gradual reduction in consumption, with a noticeable year-on-year decrease of approximately 2.52% in 2025, 2.58% in 2026, 2.65% in 2027, and 2.33% in 2028. From 2024 to 2028, the compound annual growth rate (CAGR) is approximately -2.51%, indicating a steady downward trend over this period.
Future trends to watch include:
- Technological advances in recycling methods, potentially improving scrap utilization.
- Fluctuations in construction and manufacturing demand impacting scrap requirements.
- Regulatory changes affecting environmental incentives or restrictions related to scrap processing.
