Mobile Menu

Iron & Steel Manufacturing in Montana

Author.Name IBISWorld United States Last Updated: August 2025 NAICS MT33111

Iron & Steel Manufacturing in Montana industry analysis

The Iron & Steel Manufacturing industry in Montana is expected to decline an annualized -x.x% to $x.x thousand over the five years to 2025, while the national industry will likely grow at x.x% during the same period. Industry establishments decreased an annualized -x.x% to x locations. Industry employment has decreased an annualized -x.x% to x workers, while industry wages have decreased an annualized -x.x% to $x,xxx,xxx.x.

Over the five years to 2030, the industry is expected to decline an annualized -x.x% to $x.x thousand, while the national industry is expected to grow x.x%. Industry establishments are forecast to stagnate x% to x locations. Industry employment is expected to stagnate an annualized x% to x workers, while industry wages are forecast to decrease -x% to $x,xxx,xxx.x.

Unbiased research for even more industries at your fingertips

  • 5000+Industries covered
  • 100+Local analysts
  • 250k+Hours of detailed analysis
  • 100k+Subscriber community

Purchase a membership to access this industry and so much more.

About the Iron & Steel Manufacturing in Montana Market Research Report

What’s Included in the Iron & Steel Manufacturing in Montana Market Research Report

Definition of the Iron & Steel Manufacturing in Montana?

Companies in this industry manufacture pig iron, steel and ferroalloys. Pig iron is often manufactured in a blast furnace or via newer direct-reduction methods. Steel may be manufactured in basic oxygen furnaces (newly made steel) or electric arc furnaces (recycled steel). This industry also includes operators that manufacture basic steel shapes such as bars, plates, rods, sheets, strips and wire or form pipes and tubes from steel they have produced.

What’s included in the Iron & Steel Manufacturing in Montana?

The Iron & Steel Manufacturing in Montana includes direct reduction of iron ore, manufacturing and converting pig iron, producing steel through the combination of coke and iron ore in blast furnaces, producing steel by melting recycled scrap steel, usually with pig iron, in electric arc furnaces, producing steel through the use of open-hearth furnaces, manufacturing cold-rolled and hot-rolled steel products, manufacturing basic steel shapes (e.g. bar, plate, rod, sheet, strip and wire), forming pipes and tubes from self-produced steel and manufacturing and converting ferroalloys. Related terms covered in the Iron & Steel Manufacturing in Montana industry report includes used in integrated steelmaking, in which coke and iron ore react together under a hot air flow to form steel, used for scrap-based steelmaking, in which scrap steel is melted and recycled, used for steelmaking, in which carbon and other impurities are burnt off pig iron to produce steel, a high-carbon solid produced by heating coal in an oven to drive off volatile components, a steel producer that obtains most of its iron from recycled scrap steel and primarily uses electric arc furnaces, the intermediate product of smelting iron ore with coke; usually transferred in molten form to steelmaking furnaces and an iron alloy with a high proportion of one or more other elements that is used in the production of steel as a raw material.

Industry Performance of the Iron & Steel Manufacturing industry in Montana

Benchmark the Iron & Steel Manufacturing in Montana industry performance with all MT county and national performance.

Iron & Steel Manufacturing in Montana

#48 in Highest Revenue 0% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Iron & Steel Manufacturing in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Iron & Steel Manufacturing industry in Montana

See how key industry drivers, such as population, newly issued building permits, new business formation, world price of steel, world price of iron ore and industrial production index are impacting Iron & Steel Manufacturing in Montana

Montana Economic Indicators

Population
Newly issued building permits
New Business Formation

View more economic information in MT State Economic profile

US Key External Drivers

World price of steel
World price of iron ore
Industrial production index

For the full list of industry drivers, see report purchase options.

County Data of the Iron & Steel Manufacturing industry in Montana

Access proprietary data on county in the Iron & Steel Manufacturing in Montana, such as Cascade County, Silver Bow County and Madison County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Iron & Steel Manufacturing industry in Montana

Download 18 years of historical data and 5 years of projected performance.

Need a deeper insight?
Get a free tour.

Free Tour

Top Questions Answered in this Report

Unlock comprehensive answers and precise data upon purchase. View purchase options.

What is the market size of the Iron & Steel Manufacturing industry in Montana in 2025?

The market size of the Iron & Steel Manufacturing industry in Montana is $857.7k in 2025.

How many businesses are there in the Iron & Steel Manufacturing industry in Montana in 2025?

There are 1 businesses in the Iron & Steel Manufacturing industry in Montana, which has been declining at an average annual rate of -12.9% from 2020 to 2025.

Has the Iron & Steel Manufacturing industry in Montana grown or declined over the past 5 years?

The market size of the Iron & Steel Manufacturing industry in Montana has been declining at an average annual rate of -25.2% from 2020 to 2025.

How many employees in the Iron & Steel Manufacturing industry in Montana in 2025?

There are 1 employees in the Iron & Steel Manufacturing industry in Montana, which has been declining at an average annual rate of -19.7% from 2020 to 2025.