In 2023, the ending stocks of ferrous scrap in the US stood at approximately 4.25 million metric tons. From the forecasted data for 2024 to 2028, the ending stocks are projected to slightly decrease, from 4.24 million metric tons in 2024 to 4.22 million metric tons by 2028. This represents a minimal annual decrease, suggesting a relatively stable trend. Year-on-year variations are negligible, and the compound annual growth rate (CAGR) over the period is roughly -0.12%.

Future trends to watch for include:

Potential impacts of policy changes on recycling incentives.
The influence of technological advancements in scrap processing.
Market demand fluctuations driven by global steel production and pricing changes.