The market is dominated by domestic suppliers, as imports account for 35.5% of total market size in 2023. B2B drives market demand, with B2B spending representing 98.3% of total demand in 2023. The US has the largest market size for basic precious and non-ferrous metals across the top 20 developed countries, with demand reaching USD234 billion in 2023. Arconic Inc is the largest company in the US, generating 9.2% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 28.4% of total production value in 2023. The total number of companies decreases in 2023, to 1,921 units. The costs of the industry decrease by 1.5% in 2023, largely driven by declining B2B costs. The industry’s profitability increases and stands at 9.4% of production value in 2023, the fifth highest across the top 20 developed countries. The industry’s exports share decreases in 2023 to 15.8% of total production output. With production value of USD140 billion, the US accounts for 76.3% of the North America total in 2023.
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This Euromonitor industrial report provides unique information on Basic Precious and Non-ferrous Metals in the US: ISIC 272. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Basic Precious and Non-ferrous Metals in the US: ISIC 272 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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