In 2023, pig iron consumption at iron foundries and miscellaneous users with cupola furnaces in the US stood at a level that is not provided here. However, from 2024 onwards, forecasted data indicate a significant decline, with values decreasing year-on-year by 18.78% in 2025, 22.69% in 2026, 28.74% in 2027, and 39.56% in 2028. This equates to a compound annual growth rate (CAGR) of approximately -27.89% over the five-year period.

Future trends to watch for include:

Potential technological advancements that may affect cupola furnace operations and efficiency.
Shifts in industrial demand and environmental regulations influencing pig iron consumption patterns.
Emergence of alternative materials or processes that could impact the relevance of pig iron in the industry.