Overview
The 545 steel products manufacturers in the US produce iron and steel tubes, pipes, wires, and shapes from purchased iron or steel. Companies that specialize in pipes and tubes account for 46% of total industry revenue; rolled steel shape manufacturers account for 25% and steel wire manufacturers account for 29%.
Competition From Alternative Materials
Depending on the application, steel may compete with a variety of alternative materials.
Variable Raw Materials Costs
The cost of steel is highly variable and steel accounts for a significant percentage of product costs.
Industry Financial Benchmarks
Here are typical financial statements for steel products manufacturers.
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