In 2023, the ending stocks of No. 1 Busheling at manufacturers of pig iron, raw steel, and castings in the US stood at lower levels compared to the forecast starting from 2024. Between 2024 to 2028, the forecast shows a consistent annual increase, with stocks rising from 335.4 thousand metric tons in 2024 to 341.08 thousand metric tons in 2028. The year-on-year growth rate is approximately 0.4%. The compound annual growth rate (CAGR) over the forecast period is modest, indicating a steady increase in stock levels over time.

Future trends to watch for:

Impact of domestic and international demand for pig iron and raw steel on stock levels.
Technological advancements in recycling and steel production that may affect busheling stocks.
Regulatory changes and environmental policies influencing material stockpiling strategies.