The market is dominated by domestic suppliers, as imports account for 22.2% of total market size in 2023. B2B drives market demand, with B2B spending representing 97.3% of total demand in 2023. The US has the second largest market size for basic iron and steel across the top 20 developed countries, with demand reaching USD208 billion in 2023. ArcelorMittal USA LLC is the largest company in the US, generating 9.5% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 38.2% of total production value in 2023. The total number of companies decreases in 2023, to 4,748 units. The costs of the industry decrease by 4.7% in 2023, largely driven by declining B2B costs. The industry’s profitability increases and stands at 16.0% of production value in 2023, the third highest across the top 20 developed countries. The industry’s exports share increases in 2023 to 7.3% of total production output. With production value of USD156 billion, the US accounts for 87.1% of the North America total in 2023.
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This Euromonitor industrial report provides unique information on Basic Iron and Steel in the US: ISIC 271. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Basic Iron and Steel in the US: ISIC 271 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of basic iron and steel, basic preciuos and non-ferrous metals, casting of metals, coating of metals and mechanical engineering, forming of metal and power metallurgy, metal packaking, wire and other fabricated metal products.
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