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2024 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.

Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics        2019        2020        2021        2022        2023
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.





Forecast / Industry Outlook 2024 2025 2026 2027 2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Industry Insights

The Iron & Steel Mills industry has been significantly impacted by various economic, social, and environmental trends in recent years. One key trend is an increasing demand for steel in emerging economies such as China, India, and Brazil. This demand has led to a significant increase in steel production and exports from these countries, which has put pressure on traditional steel-producing regions in Europe and North America.

Another trend is rising concerns over environmental sustainability. The industry is under pressure to reduce its carbon emissions and adopt green technologies to reduce its environmental impact. Governments around the world are incentivizing steel mills to adopt sustainability measures, such as using renewable energy sources and reducing emissions.

The industry is also feeling the impact of the global trade dispute, particularly the tariffs on steel imports imposed by the US government. These tariffs have led to a rise in the cost of steel, affecting the margins of steel mills. The industry is adopting various strategies to mitigate the impact of tariffs, including diversifying their end markets, sourcing raw materials domestically, and considering alternatives to steel.

Furthermore, there is a rising trend towards digitalization and automation in the industry to boost efficiency and reduce operational costs. Steel mills are adopting new technologies and processes, such as artificial intelligence (AI), big data analytics, and cloud computing, to optimize their operations.

In summary, the Iron & Steel Mills industry is facing various trends that are shaping its future. The industry is embracing new technologies and sustainability measures to remain competitive, improve efficiencies and reduce costs, while also meeting the growing demand for steel across the globe.



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 AveragePercent 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




Innovation News



Recent Federal Contracts for Iron and Steel Mills and Ferroalloy Manufacturing

  • Feb 13, 2024: REDDING STEEL LLC (Southington, CT) awarded $14,335
  • Feb 07, 2024: THOMAS & SKINNER INC (Indianapolis, IN) awarded $18,306
  • Jan 25, 2024: ALPHA TEC SERVICES INC (San Diego, CA) awarded $76,819
  • Jan 03, 2024: CENTRAL STEEL SERVICE INC (Pelham, AL) awarded $20,680




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