Spring and Wire Product Manufacturers NAICS 3326

Jul 18, 2026 - 21st Century ROAD to Housing Act

• The newly enacted 21st Century ROAD to Housing Act is expected to boost US housing construction by reducing regulatory barriers and accelerating residential development, Forbes reports. The new federal law reduces regulatory barriers by streamlining environmental reviews, encouraging zoning reforms, expanding financing and supporting manufactured and modular housing. It also preserves the build-to-rent model, providing greater certainty for developers and encouraging new residential projects. While the legislation is not expected to lower home prices immediately, it should strengthen the long-term housing construction pipeline by speeding approvals, lowering development costs and increasing housing starts. Higher residential construction activity is likely to increase demand for steel wire, wire mesh, springs, fasteners, and other fabricated metal products used in framing, HVAC systems, doors, windows, garage doors, appliances and building infrastructure.
• The Iran war and effective closure of the Strait of Hormuz are disrupting global metals supply chains, according to Wood Mackenzie analysts. The region is a key supplier of aluminum and steel inputs, and disruptions to ports and shipping routes are tightening supply and raising market risk for manufacturers that purchase metals. Aluminum markets were already projected to face a deficit, and interruptions to exports from Gulf producers could further tighten supply and push prices higher. The most immediate impact is on steel markets. Iran typically exports about 4 million tons of finished steel and 7–8 million tons of semi-finished products annually, roughly 11% of global semi-finished steel trade. With ports disrupted, this supply has effectively disappeared, causing billet prices to surge as buyers seek alternative sources. For manufacturers that rely on steel and metal inputs, the conflict increases the likelihood of higher raw material costs, shipping delays, and supply volatility.

• Consolidation among steel mills and service centers, combined with 50% Section 232 tariffs, is reshaping the steel supply chain, The Fabricator reports. Steel products manufacturers, including primary springs and wire producers, are expected to feel supply chain changes acutely. Mergers such as Ryerson–Olympic Steel and Russel Metals’ acquisition of Kloeckner facilities concentrate distribution power, reducing options for smaller buyers and increasing dependence on fewer service centers for specialty grades, custom cuts, and just‑in‑time inventory. Moreover, tariffs have sharply reduced imports, tightening domestic supply and driving up prices for steel products used in blades and tools. With service centers no longer pressured to move inventory quickly, prices rise faster, fall slower, and become harder to negotiate. Manufacturers face longer lead times, fewer financing options, and diminished leverage in sourcing high‑quality steels. The result is a more volatile, less competitive supply environment that raises production costs and complicates planning.
• Producer prices for spring and wire product manufacturers hit another new high in June, up 2.4% compared to a year ago, after rising 1% in the previous June-to-June annual comparison, according to the latest data from the Bureau of Labor Statistics. Spring and wire product companies are facing higher raw material costs, robust demand from key end markets, rising labor costs, and trade-related price pressures, which allows them to pass higher costs through to their customers. Employment by the industry grew 2.9% year over year in May, while the average wage at fabricated metal product manufacturing rose 5.6% YoY in June to a new high of $28.56 per hour, BLS data show.