The shredded or fragmentized consumption of purchased and home scrap at manufacturers of pig iron, raw steel, and castings in the US is projected to steadily increase from 2024 to 2028. The consumption was 15.9 million metric tons in 2023. The year-on-year variation suggests a consistent growth pattern: around 1% annually. The compound annual growth rate (CAGR) over five years is approximately 1%, indicating a gradual increase in scrap consumption.

Future trends to watch for include:

Technological advancements in recycling methods enhancing efficiency and capacity.
Policy changes in environmental regulations impacting scrap utilization.
Fluctuations in raw material costs influencing demand for recycled materials.