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2025 U.S. Industry Statistics & Market Forecast - Iron and Steel Mills and Ferroalloy Manufacturing


Market Size & Industry Statistics

The total U.S. industry market size for Iron and Steel Mills and Ferroalloy Manufacturing: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

Iron and Steel Mills and Ferroalloy Manufacturing market size 2025
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics        2020        2021        2022        2023        2024
Market Size
(Total Sales/Revenue)


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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data



Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.



Iron and Steel Mills and Ferroalloy Manufacturing market forecast 2024-2028


Forecast / Industry Outlook 2025 2026 2027 2028 2029
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Industry Insights

Major trends affect the Iron and Steel Mills and Ferroalloy Manufacturing industry include:
  1. Rising energy costs
  2. Fluctuating raw material prices
  3. Globalization and trade tensions
  4. Stringent environmental regulations
  5. Shift towards renewable energy sources
  6. Technological advancements in production processes
  7. Increasing demand for high-strength, lightweight materials
  8. Circular economy and recycling pressures
  9. Market consolidation and vertical integration
  10. Growth in emerging markets
  11. Consumer demand shifts towards sustainable products
  12. Increased use of automation and robotics
  13. Volatility in currency exchange rates
  14. Impact of COVID-19 pandemic on supply chains and demand patterns


U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry Average Percent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Net Income
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Iron and Steel Mills and Ferroalloy Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Iron and Steel Mills and Ferroalloy Manufacturing industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Iron and Steel Mills and Ferroalloy Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.



Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 5%

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Chief Executives0%
General and Operations Managers2%
Office and Administrative Support Occupations 6%
Installation, Maintenance, and Repair Occupations 16%
Other Installation, Maintenance, and Repair Occupations 14%
Industrial Machinery Installation, Repair, and Maintenance Workers 12%
Industrial Machinery Mechanics 10%
Production Occupations 42%
Metal Workers and Plastic Workers 30%
Forming Machine Setters, Operators, and Tenders, Metal and Plastic 9%
Rolling Machine Setters, Operators, and Tenders, Metal and Plastic 8%
Metal Furnace Operators, Tenders, Pourers, and Casters 10%
Metal-Refining Furnace Operators and Tenders 8%
Other Production Occupations 6%
Transportation and Material Moving Occupations 17%
Material Moving Workers 16%
Laborers and Material Movers 7%
Laborers and Freight, Stock, and Material Movers, Hand 6%
Source: Bureau of Labor Statistics


Iron and Steel Mills and Ferroalloy Manufacturing Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Iron and Steel Mills and Ferroalloy Manufacturing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Iron and Steel Mills and Ferroalloy Manufacturing industry and adjacent sectors:

Market Leaders:
Direct Competitors

Companies with the largest market share, focused in this industry
Market leaders:
Diversified Competitors

Largest companies that have diversified operations in this and other industries
Innovators:
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Innovators:
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Iron and Steel Mills and Ferroalloy Manufacturing industry.
Source:
IncFact


Latest Industry News

  • Cleveland-Cliffs says $150 million investment will replace imported steel 'that's destroying the American middle class' - Cleveland-Cliffs invested $150 million in a new finishing line in Ohio that is bolstering its profitable stainless steel business and grabbing market share from imports. (07/07/2025)
  • From glass and steel to rare earth metals, new materials have changed society throughout history - Materials science might seem very technical, but as a scientific discipline, it has led to many shifts in society over the past few centuries. (07/03/2025)
  • Report: Cleveland-Cliffs cancels $500M Middletown steel mill project - The Cleveland-Cliffs steel mill previously received a $500 million grant to switch to a hydrogen-powered furnace. Now, they plan to stick with coal. (07/01/2025)
  • Pueblo's Steel Mill Begins New Chapter with Atlas Holdings - The heartbeat of Pueblo has always echoed from the south side of town, where the clang of metal and the hiss of molten steel built more than just railroad (06/29/2025)
  • ArcelorMittal signs deal to sell its steel mill and iron ore mine in Bosnia - Yahoo Finance - SARAJEVO (Reuters) -ArcelorMittal , the world's second-largest steelmaker, said it signed a deal on Friday to sell its operations in Bosnia and Herzegovina, comprising a steel mill and an iron ore ... (06/20/2025)
  • Nippon will not cut work at Granite City IL mill for 2 years | Belleville News-Democrat - While details are scant, the new Japanese owner of Granite City’s steel mill committed on Wednesday to not reduce production capacity in the metro-east for two years. Nippon Steel, which just ... (06/18/2025)
  • The Canned-Food Aisle Is Getting Squeezed by Rising Steel Tariffs - MSN - Tin-plate is made with steel derived from molten iron, but most steel in the U.S. is now made from melted scrap, and that doesn’t measure up to the can industry’s exacting quality standards ... (06/09/2025)
  • Is pollution from the steel industry behind cancer rates in Gary, Indiana? - Doctors, environmental groups and residents are trying to determine if there is a causal connection between pollutants from the steel industry and rates of cancer in Gary. (05/26/2025)
  • President Trump says Nippon Steel and US Steel to enter into ‘partnership’ - saying it was concerned the Nippon would not maintain a long-term commitment to the remaining unionized mills. In a press release Thursday, the United Steel Workers said that allowing US Steel to ... (05/23/2025)
  • Cleveland-Cliffs Stock Tanks. Tariffs Haven’t Stopped Steel-Mill Shutdowns. - President Donald Trump’s steel ... iron mines in Minnesota, a blast furnace, an oxygen furnace, and a steel caster in Michigan are being idled. Two operations in Pennsylvania and an Illinois ... (05/08/2025)




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