In 2023, the shipments of iron and steel scrap in New England and the Middle Atlantic stood at approximately 82.94 thousand metric tons. Forecasts indicate a gradual year-on-year growth from 2024 through 2028, with average annual increases slightly above 1%. The compound annual growth rate (CAGR) over the five-year forecast period is estimated at about 1.2%, reflecting a steady expansion in the industry.
Future trends to watch for include potential impacts of global steel market fluctuations, advancements in recycling technologies, and policy changes. These factors could significantly influence supply and demand dynamics, affecting shipment volumes in this region.
