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The market size of the Iron & Steel Manufacturing industry in the US is $xx.xx, which is expected to decline at xx% over the next five years. Companies in this industry manufacture pig iron, steel and ferroalloys. Pig iron is often manufactured in a blast furnace or via newer direct-reduction methods. Steel may be manufactured in basic oxygen furnaces (newly made steel) or electric arc furnaces (recycled steel). This industry also includes operators that manufacture basic steel shapes such as bars, plates, rods, sheets, strips and wire or form pipes and tubes from steel they have produced.
Curious about what drives these trends? IBISWorld's Iron & Steel Manufacturing in the US industry coverage has got you covered.
Total value ($) and annual change from 2012 – 2030.
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| Industry | Sector | Last 5-yr CAGR | Forecast 5-year CAGR | Revenue |
|---|---|---|---|---|
| Aluminum Production in the US |
|
XX% | XX% | $XX |
| Nonferrous Metal Rolling & Alloying in the US |
|
XX% | XX% | $XX |
| Carbon Fiber & Graphene Manufacturing in the US |
|
XX% | XX% | $XX |
| Metal Pipe & Tube Manufacturing in the US |
|
XX% | XX% | $XX |
| Steel Rolling & Drawing in the US |
|
XX% | XX% | $XX |
| Copper Rolling, Drawing & Extruding in the US |
|
XX% | XX% | $XX |
| Iron & Steel Manufacturing in Canada |
|
XX% | XX% | $XX |
| Iron Smelting & Steel Manufacturing in Australia |
|
XX% | XX% | $XX |
| Iron & Steel Manufacturing in the UK |
|
XX% | XX% | $XX |
| Iron and Steel Smelting in China |
|
XX% | XX% | $XX |
When the stakes are high, you need intelligence that cuts through the noise—wherever you work.
The market size of the Iron & Steel Manufacturing in the US is $114.8bn in 2026.
The market size of the Iron & Steel Manufacturing in the US decreased -0.3% in 2026.
The market size of the Iron & Steel Manufacturing in the US has declined at a -4.0% CAGR between 2021 and 2026.
See our full analysis of the Iron & Steel Manufacturing in the US to understand if the industry market size is expected to grow or decline over the next five years.