As of 2023, net receipts of ferrous scrap in the US were approximately 51.35 million metric tons. Moving into forecast years, a subtle decrease is anticipated from 2024 to 2028, with values gradually declining. The year-on-year variation remains quite stable, showing minimal fluctuations with an average decrease of about 0.02 million metric tons annually. The five-year CAGR also reflects a very gradual decline, indicating consistent, albeit slight, decreases over time.

Future trends to watch for include:

Potential impacts of global demand fluctuations and policy changes on scrap availability.
Technological advancements in recycling processes that could influence efficiency and output.
Shifts in industrial manufacturing practices that may alter scrap supply dynamics.