Iron and Steel Mills and Ferroalloy Manufacturing – 2024 U.S. Market Research Report

Publish Date: February 2024

This 63-page market research report provides a comprehensive analysis on the $141.5 billion iron and steel mills and ferroalloy manufacturing industry in the United States. This report covers more than 100 statistical data sets with historical trend data from 2015 to 2023, and 2024 and 2028 forecasts. The source of the data is from annual comprehensive surveys from a majority companies in the iron and steel mills and ferroalloy manufacturing industry.

This report has the in-depth industry insights you are looking for as it covers revenue & cost trends, detailed breakdown on 26 expenses, dozens of financial metrics, 100+ forecasts, plant inventory analysis, detailed breakdown of 31 balance sheet items, numerous industry segmentations, competitive intensity analysis, material costs analysis, profit margin analysis, state metrics analysis, plant utilization, organizational breakdown, inflation trend benchmarks, employee pay analysis, in-depth productivity analysis, and a ton more.

Iron and Steel Mills and Ferroalloy Manufacturing Report


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Report Format


The 2024 U.S. Iron and Steel Mills and Ferroalloy Manufacturing Industry Market Research Report is 63 pages of deep insights into the trends, dynamics, and forecasts shaping the industry. You can use this market research report to develop a comprehensive fact base on the industry for business planning, business forecasting, OPEX benchmarking, competitive intensity analysis, identifying growth opportunities, financial benchmarking, plant performance benchmarking, market analysis, valuations, organizational streamlining, sales & marketing initiatives, productivity improvement initiatives, identifying operational efficiencies, wage and pay analysis, and other analyses.

Below are a few page images from the report and check out the table of contents for a complete overview.

iron and steel mills and ferroalloy manufacturing market size chart

Operating expense chart for iron and steel mills and ferroalloy manufacturing

Iron and Steel Mills and Ferroalloy Manufacturing Profit

iron and steel mills and ferroalloy manufacturing BCG Matrix

Iron and Steel Mills and Ferroalloy Manufacturing Factory Capacity Utilization Trend

Iron and Steel Mills and Ferroalloy Manufacturing Workforce Benchmarks


Industry Description


This industry group includes companies primarily engaged in one or more of the following: (1) direct reduction of iron ore; (2) manufacturing pig iron in molten or solid form; (3) converting pig iron into steel; (4) making steel; (5) making steel and manufacturing shapes (e.g., bar, plate, rod, sheet, strip, wire); (6) making steel and forming pipe and tube; and (7) manufacturing electrometallurgical ferroalloys. Ferroalloys add critical elements, such as silicon and manganese for carbon steel and chromium, vanadium, tungsten, titanium, and molybdenum for low- and high-alloy metals. Ferroalloys include iron-rich alloys and more pure forms of elements added during the steel manufacturing process that alter or improve the characteristics of the metal being made.

NAICS Code: 3311

Number of Companies: 428

Number of Plants / Facilities: 594

Industry Employees: 104,337

Market Size: $141.5 billion

Product Lines Covered


Hot rolled steel sheet and strip (including tin mill products, tinplate, blackplate, terneplate, and tin-free steel), made in steel mills
Hot rolled steel bars and bar shapes, plates, structural shapes, and piling (including concrete reinforcing and tool steel bars), made in steel mills
Cold rolled steel sheet and strip, made in steel mills producing hot rolled sheet or strip
Steel ingots and semifinished shapes and forms, made in steel mills
Steel pipes and tubes, made in steel mills producing semifinished shapes or plate
Coke oven and blast furnace products, made in steel mills
Other steel mill products, including steel rails, excluding wire products
Iron and steel mills and ferroalloy manufacturing, nsk, total
Seamless rolled ring forgings, ferrous, made in steel mills
Cold finished steel bars and bar shapes, made in steel mills producing hot rolled bars and bar shapes

Table of Contents


Explore the below table of contents of the Iron and Steel Mills and Ferroalloy Manufacturing Report below to understand the extensive statistical data sets in this report and why thousands of executives, consultants, bankers, accountants, and other professionals trust Kentley Insights for their market research needs.


1-2 – Report Overview & Contents

3 – Industry Overview
– Data Sources
– Industry Definition & Examples

4 – Industry Synopsis – Revenue & Growth

5 – Industry Synopsis – Costs & Profitability

SECTION ONE
REVENUE & GROWTH ANALYSIS

7 – Market Size Details
– Industry Revenues
– Companies
– Facilities
– Trend Analysis 2015-2023
– 2024 & 2028 Forecasts

8 – Growth Benchmarks
– Sales per Company
– Sales per Plant
– Plants per Company
– Trend Analysis 2015-2023
– 2024 & 2028 Forecasts

9 – Product Lines Revenue
– Percentage of Revenue from Product Lines

10 – BCG Matrix – Net Income vs. Revenue Growth
– Subsectors vs. Industry

11 – Total Industry Sales by Month & Year
– 2019-2023 Sales per Month

12 – Inventory Value by Month & Year
– Inventory Value per Month for 2019-2023

13 – Months of Inventory
– Months of Inventory per Month for 2019-2023

14 – Sector Revenue by Segments
– Concentration Segments by Top Companies
– Business Size Segments
– Business Structure Segments

15 – Market Size by State
– Industry Revenue by State and Rankings

16 – Market Size as a % of State GDP
– Sales as a Percentage

17 – Industry Sales as a % of State Manufacturing
– Sales as a % of Income

18 – Industry Segmentation by Business Size
– Sales as a % of Income

19 – Industry Segmentation by Business Size
– Business Size Segments – 1-4, 5-9, 10-20, 21-50, 51-100, 101-250, & 250+ employees
– Companies, Facilities, Sales, Employees & Payroll

20 – Industry Segmentation by Concentration (Top 50 Companies)
– Concentration Segments – Top 4, 5-8, 9-20, & 21-50 companies
– Companies, Facilities, Sales, Employees & Payroll

21 – Industry Market Share of Top 50 Companies
– Market Share & Total Revenue for 2018 versus 2023

22 – Subsector Market Share of Top 50 Companies
– Market Share & Total Revenue for 2018 versus 2023

23 – Industry Segmentation by Business Structure
– Business Structure Segments – C-Corporations, S-Corporations, Partnerships, & Sole Proprietorships
– Companies, Facilities, Sales, Employees & Payroll

24 – Revenue per Company by State
– Revenue per Company

25 – Revenue per Company by Segments
– Business Size, Concentration, & Structure

26 – Revenue per Facility by State
– Sales per Facility & State Ranking

27 – Revenue per Facility by Segment
– Business Size, Concentration, & Structure

28 – Subsector Growth
– Sales and 5-Year Growth

29 – Subsector Statistics
– Sales per Company & Facility, and 5-Year Growth

30 – Consolidation Analysis
– 5-Year Growth of Companies & Locations

31 – Employment Consolidation Analysis
– 5-Year Growth of Employee Statistics

32 – Subsector Consolidation Analysis
– Number of Companies
– Number of Facilities
– 5-Year Growth

33 – Subsector Consolidation Analysis
– Facilities per Company
– Employees per Company
– 5-Year Growth

SECTION TWO
COST, CAPITAL & PROFIT BENCHMARKS

35 – Profitability & Financial Ratio Analysis
– Percent of Companies that are Profitable
– Average Net Income as a Percent of Revenue
– 10 of the Top Financial Ratios

Page 36 – Balance Sheet Metrics
– Assets and Liabilities indexed to industry revenue at 100
– Current & Non-Current Assets: Cash, Notes & Accounts Receivable, Allowance for Bad Debts, Inventories, Treasuries & Securities, Other Current Assets, Loans to Shareholders / Mortgage, Other Investments, Depreciable Assets, Accumulated Depreciation, Land, Intangible Assets (Amortizable), Accumulated Amortization, Other Assets
– Short-term, Long-term Liabilities, & Net Worth: Accounts Payable, Mortgages, Notes, Bonds due in less than 1 Yr., Other Current Liabilities, Loans from Shareholders, Mortgages, Notes, Bonds > 1 Yr., Other Liabilities, Capital Stock, Additional Paid-in Capital, Retained Earnings, Cost of Treasury Stock

37 – OPEX
– Industry OPEX
– Industry Revenue vs. OPEX Growth
– OPEX as a Percent of Revenue
– Trend Analysis 2015-2023
– 2024 & 2028 Forecasts

38 – OPEX by Company & Plant
– OPEX per Company
– OPEX per Facility
– Revenue vs. Expenses Growth per Plant
– Trend Analysis 2015-2023
– 2024 & 2028 Forecasts

Page 39 – OPEX Detail
– Employee Expenses: payroll, insurance, pension, defined contribution plans, fringe benefits, temps
– Cost of Materials: materials, parts, containers, packaging, cost of resale, electricity and fuels, contract work
– Buildings and Equipment: capex for equipment, rental or lease for equipment, capex for buildings and structures, rental or leases, repair and maintenance
– Other Operating Expenses: professional and technical services, IT software and hardware, data processing and communications, advertising, refuse removal, taxes and license fees, other
-Inventory Breakdown: finished goods, work-in-progress, materials and supplies

40 – Production Material Costs
– Top Production Material Costs Breakdown
– % of Total Production Material Cost

41 – Producer Pricing Index
– Annual PPI – Indexed to 2006
– Trend Analysis 2015-2023
– 2024 & 2028 Forecasts
– Monthly PPI Figures for the Past 4 Years

42 – Plant Utilization & Hours
– Plant Utilization Rate
– Plant Operational Hours per Week
– 2020-2023 Historical Figures by Quarter

43 – Reasons for Non-Full Production
– 7 Categories Quarterly Survey Results for Past 2 Years

44 – Productivity & Industry Employment
– Revenue per Employee
– Total Industry Employees
– Employees per Company
– Trend Analysis 2015-2023
– 2024 & 2028 Forecasts

45 – Employee Productivity by Segments
– Business Size, Concentration, & Structure

46 – Employee Productivity by State
– Revenue per Employee

47 –Subsector Sales & Payroll per Employee
– Absolute & 5-Year Growth

48 – Industry Payroll
– Payroll per Employee
– Payroll per Company
– Payroll per Plant
– Trend Analysis 2015-2023
– 2024 & 2028 Forecasts

49 – Payroll per Company by Segments
– Business Size, Concentration, & Structure

50 – Payroll per Plant by Segments
– Business Size, Concentration, & Structure

51 – Payroll per Employee by Segments
– Business Size, Concentration, & Structure

52 – Payroll per Employee by State
– Payroll per Employee

53 – Organizational Composition
– % of Employees for 27 Job Categories
– Management & Finance
– Sales & Marketing
– Technology, Engineering, Science
– Service, Support & Training
– Operations

54 – Job Categorization Pay Ranges
– Management & Finance
– Sales, Service & Marketing
– Operations
– Pay Bands – Bottom 10% & 25%, Mean, Top 25% & 10%

55 – Top 20 Jobs Breakdown
– Percent of Total Employees

56 – Top 20 Jobs Pay
– Pay Bands – Bottom 10% & 25%, Mean, Top 25% & 10%

57 – Employees per Company by Segments
– Business Size, Concentration, & Structure

58 – Employees per Plant by Segments
– Business Size, Concentration, & Structure

59 – Facilities per Company by Segments
– Business Size, Concentration, & Structure

60 – Total Employment by State
– Number of Employees

61 – Population to Every Employee by State
– Number of Residents to Industry Employee
– State Rankings

62 – Employees per Facility by State
– Average Number of Employees per Facility
– State Rankings

63 – Overview of Kentley Insights


Data Source & Forecast Methodology


For this report, the core data is sourced from comprehensive business, operational, and economic surveys conducted by government and private institutions and filled out by a statistically significant number of companies in the iron and steel mills and ferroalloy manufacturing industry. The forecasts in the report are modeled by our research analysts using the latest economic forecasts, industry analysis, and historical trends.

Download a Sample Report


Below is a free sample report download. The 2024 Iron and Steel Mills and Ferroalloy Manufacturing Market Research Report has the same format and data sets.

Wood Kitchen Cabinet Countertop Manufacturing Report

Report Details


Report: Iron and Steel Mills and Ferroalloy Manufacturing Industry Market Research Report

Number of Pages: 63

Format: PDF

Price: $295

Support Contact:
Email us at support@kentleyinsights.com
Call us at 1-800-613-3611

Related Reports:
Other Primary Metal Manufacturing Market Research Reports
Primary Metal Manufacturing
Steel Product Manufacturing from Purchased Steel
Iron and Steel Pipe and Tube Manufacturing from Purchased Steel
Rolling and Drawing Of Purchased Steel

Industry Jobs Analyzed


Industrial Machinery Installation, Repair, and Maintenance Workers
Forming Machine Setters, Operators, and Tenders, Metal and Plastic
Machine Tool Cutting Setters, Operators, and Tenders, Metal and Plastic
Metal Furnace Operators, Tenders, Pourers, and Casters
First-Line Supervisors of Production and Operating Workers
Industrial Truck and Tractor Operators
Engineering Technicians, Except Drafters
Crane and Tower Operators
Laborers and Material Movers, Hand
Miscellaneous Metal Workers and Plastic Workers
Miscellaneous Production Workers
Inspectors, Testers, Sorters, Samplers, and Weighers
Electricians
Machinists
Welding, Soldering, and Brazing Workers
Maintenance and Repair Workers, General
Shipping, Receiving, and Traffic Clerks
Sales Representatives, Wholesale and Manufacturing
Industrial Engineers, Including Health and Safety
Production, Planning, and Expediting Clerks

Material Cost Categories


Iron and steel scrap (excluding home scrap)
Cost of all other materials and components, parts, containers, and supplies consumed
Misc. iron, steel, and ferroalloy ingot, shapes, and forms (excluding castings, forgings, bars, structural, wire, sheet, strip)
Materials, ingredients, containers, and supplies, nsk
Nonferrous metal shapes, forms, sheet, strip, powder, and wire (excluding castings / forgings), excluding aluminum and copper
Metallic ores, concentrates, and residues
Coal used in the production of coke
Steel wire and wire products

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