The forecasted supply of new iron and steel available for consumption in California, Oregon, and Washington shows a gradual decline from 2024 to 2028. Starting at 1.82 million metric tons in 2024, it decreases to 1.7 million metric tons by 2028. This represents a consistent annual reduction, with a year-on-year decline of approximately 1.64%. The compound annual growth rate (CAGR) from 2024 to 2028 is approximately -1.67%.
Future trends to watch for include technological advancements in production efficiency, shifts in trade policies affecting iron and steel imports, and regional demand fluctuations influenced by the construction and manufacturing sectors.
