The forecast for iron and steel scrap consumption at iron foundries and miscellaneous users in California, Oregon, and Washington shows a gradual decline from 2024 to 2028. Starting at 122.9 thousand metric tons in 2024, the consumption is projected to decrease progressively each year, reaching 115.12 thousand metric tons by 2028. This translates to a year-on-year reduction of approximately 1.6% over the period. Comparatively, in 2023, the consumption stood at a higher level, indicating a consistent downward trend.
Future trends to watch for include the impact of technological advancements in recycling processes, potential policy changes regarding scrap usage, and shifts in demand due to emerging manufacturing sectors that could influence scrap consumption rates in these states.
