The U.S. steel industry is on the rise, posting a 1.91% gain in employment and a more modest 0.8% rise in sales, according to recent data collected by IndustryNet. As a whole, the steel industry has current average sales of $21.7 billion.
For more information, please visit Nearyz Resources.
The steel industry has experienced dramatic changes in recent years, including the common trend of replacing blast furnaces with electric arc furnaces. Steel companies are also increasingly using robots to operate EAFs.
One small sector of the steel industry, reinforcing steel, provides steel that gives tensile strength to concrete structure. The sector contains 32 companies that provide 1,281 jobs, which is 11.6 percent of companies and 4.1 percent of jobs in the industry. There was no change to the number of jobs in the sector within the last year.
The average current sales in steel reinforcing are $185.25 million, which is approximately the same figure as a year ago. Based on the previously mentioned current average sales in steel of $21.7 billion, this means that steel reinforcing accounts for less than 1 percent of the industry's sales.
Examining the top companies in steel reinforcing can also offer perspective into the sector, including geographical trends. One of the best ways to compare the various companies is via employees on site:
1.Vinton Steel, LLC in Vinton, TX: 375 employees
Vinton Steel, LLC produces steel using EAF technology in its mini-mill. This company has a primary raw material of ferrous scrap. They heavily use recycling in their production, recycling over 250,000 tons annually.
2.Gerdau Reinforcing Steel in Santa Fe Springs, CA: 300 employees
Gerdau Reinforcing Steel is a leading producer of rebar, supplying it to buildings, homes, warehouses, roads, bridges and more. The company's reinforcing steel has been part of the Tappan Zee Bridge and the World Trade Center.
Are you interested in learning more about Reinforcing Steel Manufacturers? Contact us today to secure an expert consultation!
3. CMC Rebar in Dallas, TX: 110 employees
CMC Rebar, or Commercial Metals Company, has a commitment to recycling, manufacturing and fabricating high-quality metals at a low cost. The company buys and processes scrap metal and has areas for both mills and fabrication.
4.Gerdau Ameristeel US, Inc. in Jacksonville, FL: 50 employees
Gerdau Ameristeel US, Inc. manufactures steel and then provides these steel products to automotive, agriculture, mining, industry and civil construction projects.
5.CMC Rebar Georgia in Lawrenceville, GA: 50 employees
A specific location of Commercial Metals Company, CMC Rebar Georgia, uses a vertical integration business model that has helped change the operation of the steel industry while allowing for the production of low-cost, high-quality steel.
6.Rockingham Steel, Inc. in Harrisonburg, VA: 40 employees
Rockingham Steel, Inc. has supplied reinforcing steel and related components since . They are a full-service steel fabricator and provide steel for projects throughout the region.
7. Akron Rebar Co. in Akron, OH: 37 employees
Akron Rebar Co. has served the region since . They pride themselves on providing top customer service, superior quality, and competitive pricing.
Reinforcing steel accounts for only a small fraction of the steel industry as a whole, but it still plays an important role. With average sector sales of $185.25 million and 1,281 employees, steel reinforcing makes key contributions to the U.S. economy.
For more information, please visit Steel Reinforcement Suppliers.