In 2023, the US imported waste or scrap of stainless steel valued at an estimated 390 million US dollars. Forecasted imports reveal a steady upward trend: 400 million US dollars for 2024, increasing each subsequent year to 442.18 million by 2028. This represents consistent year-on-year growth, with percentage changes of about 2.7% from 2024 to 2025, 2.6% from 2025 to 2026, and 2.5% for subsequent years. Over the five-year forecast period, the compound annual growth rate (CAGR) is projected around 2.57%.
Future trends to watch for include:
- Global stainless steel consumption shifts impacting scrap supply and prices.
- Technological advancements in recycling processes that could affect demand.
- Policy changes regarding sustainability and trade affecting import patterns.
