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In 2022, the U.S. was the third-largest producer of raw steel worldwide, after China and India, and ranked sixth in pig iron production. By November 2024, the industry produced over 74 million net tons annually.[citation needed]
The industry produced over 74 million net tons per year as of November 2024.[1] Most iron and steel in the United States is now made from iron and steel scrap, rather than iron ore. The United States is also a major importer of iron and steel, as well as iron and steel products.[citation needed]
Employment as of 2014 was 149,000 people employed in iron and steel mills, and 69,000 in foundries. The value of iron and steel produced in 2014 was $113 billion.[2] As of 2020, about 0.3% of the US population is employed by the steel industry,[3] and by 2025 steel mills were only employing 83,600 people, making the industry a relatively small portion of US manufacturing despite outsize political influence.[4]
As of 2022, major steel-makers in the United States included Cleveland-Cliffs, Carpenter Technology, Commercial Metals Company, Nucor, Steel Dynamics, and U.S. Steel.[5]
- ^ "Industry Data". American Iron and Steel Institute. Archived from the original on 2024-11-07. Retrieved 2024-11-07.
- ^ Iron and Steel, Mineral Commodities Summaries.
- ^ Rickard, Stephanie J. (2020). "Economic Geography, Politics, and Policy" (PDF). Annual Review of Political Science. 23: 187–202. doi:10.1146/annurev-polisci-050718-033649.
- ^ Cite error: The named reference
SupplyLinesSteelwas invoked but never defined (see the help page). - ^ US Department of Commerce, [ Steel industry executive summary], June 2015.