In 2023, Iron and Steel Scrap Consumption in the Mountain and Pacific regions of the US stood at 3.82 million metric tons. Forecasted data indicates a slight but consistent year-on-year decline from 2024 to 2028. The consumption is expected to decrease by approximately 1.6% annually, moving from 3.76 million metric tons in 2024 to 3.54 million metric tons in 2028. The last five-year Compound Annual Growth Rate (CAGR) suggests an overall average annual decrease of about 1.5%.

Future trends to watch for include:

Potential shifts in regional manufacturing demands and recycling policies that could impact scrap consumption.
The evolution of sustainable production practices and how they may influence material usage in the industry.
Technological advancements in recycling processes which could alter raw material efficiency and overall consumption rates.