Iron & steel mills & steel product manufacturing

Industry Group

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Workforce Population

275k

2021

Average Employee Age

44.2

2021

Estimated Job Growth

−4.23%

10-Year Projection

Average Salary

$69,084

2021

Average Male Salary

$71,152

2021

Average Female Salary

$54,912

2021

About

The top three occupations in the Iron & steel mills & steel product manufacturing Industry Group are miscellaneous metal workers & plastic workers, including multiple machine tool setters, welding, soldering, & brazing workers, and firstline supervisors of production & operating workers. On average, full-time employees in the Iron & steel mills & steel product manufacturing Industry Group work 45.3 hours per week and have an average annual salary of $70,347. Part-time employees in the same industry work 21.2 hours and earn an average annual salary of $30,149.

The locations with the highest concentration of employees in the Iron & steel mills & steel product manufacturing Industry Group are Porter County PUMA, IN, Crittenden, Mississippi & Craighead (East) Counties PUMA, AR, and LaPorte County PUMA, IN.

The workforce of Iron & steel mills & steel product manufacturing Industry Group in 2021 was 274,644 people, with 12.7% woman, and 87.3% men.

In 2021, 77.7% of the workforce in the Iron & steel mills & steel product manufacturing Industry Group was White (213,426 people), of which 12.6% were women and 87.4% men.

Manufacturing

Employment & Salaries

A snapshot of workforce, wages, and opportunities in the Iron & steel mills & steel product manufacturing Industry Group.

The workforce in Iron & steel mills & steel product manufacturing Industry Group was 274,644 people and is concentrated in Indiana (30,637 workers). The average annual salary was $69,084, being $9,488 more than the national average salary, which was $59,596.

Monthly Employment

Showing data for the Manufacturing industry sector.

Start Year

Y-Axis

1.98%

Year-over-year growth

Employment change between February 2022 and February 2023

As of February 2023, there are 12.9M people employed in the Manufacturing industry. This represents a 1.98% increase in employment when compared to February 2022.

This chart shows monthly employment numbers for Manufacturing over time (non-seasonally adjusted).

Employment by Location

The states that concentrated the largest workforce in 2021 were Indiana (30.6k), Ohio (30k), and Pennsylvania (28.5k).

This map shows the states in the United States shaded by workforce for Iron & steel mills & steel product manufacturing Industry Group.

Yearly Wage Ranking

In 2021, Iron & steel mills & steel product manufacturing Industry Group had an average annual wage of $69,084, $9,488 more than the average national salary of $59,596.

The graph shows the position of Iron & steel mills & steel product manufacturing Industry Group in the ranking of industries by average annual wage.

Wage Distribution

0.343

WAGE GINI

Iron & steel mills & steel product manufacturing has a wage GINI of 0.343, which is less than than the national average of 0.478. In other words, wages are distributed more evenly in Iron & steel mills & steel product manufacturing (shown in red) in comparison to the national average for those wage buckets (shown in gray).

The graphic shows the distribution of average salaries by buckets for Iron & steel mills & steel product manufacturing Industry Group workers compared to the entire workforce in the country.

Occupations

A review of jobs and wages in the Iron & steel mills & steel product manufacturing Industry Group.

Miscellaneous metal workers & plastic workers, including multiple machine tool setters are the most common position with 23,111 workers, but the Iron & steel mills & steel product manufacturing Industry Group employs a relatively high number of Welding, soldering, & brazing workers and Firstline supervisors of production & operating workers.

The highest average salary in Iron & steel mills & steel product manufacturing goes to Chief executives & legislators.

Occupations Distribution

The graph shows the distribution of employees in the Iron & steel mills & steel product manufacturing Industry Group according to occupations. In 2021, the occupations that concentrated the largest number of employees in this industry were miscellaneous metal workers & plastic workers, including multiple machine tool setters (23,111 people), welding, soldering, & brazing workers (17,136 people), and firstline supervisors of production & operating workers (14,489 people)

Wage by Sex in Common Jobs

$71,152

AVERAGE MALE SALARY

±$2,905

$54,912

AVERAGE FEMALE SALARY

±$5,416

On average, Male workers in the Iron & steel mills & steel product manufacturing Industry Group make 1.3 times more than their Female counterparts. This chart shows the sex-based wage disparity in the 5 most common occupations in the Iron & steel mills & steel product manufacturing Industry Group.

Business

Estimates of the sources of the costs and the purchasers of the products in the Iron & steel mills & steel product manufacturing Industry Group. Based on estimates from the Bureau of Economic Analysis, this section indicates the amount of money spent by a specific industry in other industries.

The industrial flow illustrates the intermediate inputs and the use of outputs of the Iron & steel mills & steel product manufacturing Industry Group.

The Iron & steel mills & steel product manufacturing Industry Group gets the most input, by its share of the cost of all intermediate inputs, from the Manufacturing Industry.

Industrial Flow

The closest comparable data for Iron & steel mills & steel product manufacturing is from Manufacturing.

Manufacturing has the highest single input, by dollars, to the Iron & steel mills & steel product manufacturing Industry Group, and the largest industry purchasing services from the Iron & steel mills & steel product manufacturing Industry Group is Manufacturing.

In this flow diagram, all of the industries listed to the left are those places from which the highlighted industry has made purchases. They are the intermediate inputs to the highlighted industry. All those industries listed on the right side are those industries that have made purchases from the highlighted industry. They are the use of outputs of the highlighted industry. The visualizations below offer alternative ways to see and understand this data.

Intermediate Inputs

The closest comparable data for Iron & steel mills & steel product manufacturing is from Manufacturing.

HIGHEST INPUT INDUSTRY

The Iron & steel mills & steel product manufacturing Industry Group gets the most input, by its share of the cost of all intermediate inputs, from the Manufacturing Industry. This visualization does not include labor and capital costs.

Use of Output by Other Industries

The closest comparable data for Iron & steel mills & steel product manufacturing is from Manufacturing.

LARGEST PURCHASING INDUSTRY

The Manufacturing Industry purchases the greatest share of products and services from the Iron & steel mills & steel product manufacturing Industry Group in order to produce other goods and services. Purchases of the Iron & steel mills & steel product manufacturing Industry Group for final consumption by consumers, businesses, or government are not included here.

Diversity

Demographic information on the Iron & steel mills & steel product manufacturing Industry Group in the US.

Of the total workforce, 12.7% corresponds to women and 87.3% men. Male employees tend to earn more than Female employees, with average respective salaries of $71,152 and $54,912.

76.9% of workers have a high school or equivalent, some college or bachelors degree.

Gender and Age

34,979

Women

12.7%

239,665

Men

87.3%

The workforce of Iron & steel mills & steel product manufacturing industry in 2021 was 274,644 people, with 12.7% woman, and 87.3% men.

The visualization shows the distribution of the workforce by gender and age in Iron & steel mills & steel product manufacturing industry.

Races

In 2021, 77.7% of the workforce in the Iron & steel mills & steel product manufacturing industry was White (213,426 people), of which 12.6% were women and 87.4% men.

Other races that concentrated a significant number of workers were Black and Other.

Educational Levels

The main educational levels achieved by the Iron & steel mills & steel product manufacturing workers in 2021 were high school or equivalent (110,771 people), some college (62,271 people), and bachelors degree (38,094 people).

The chart shows the Iron & steel mills & steel product manufacturing workforce by gender and educational level.

Projections

Growth projections of the Primary metal manufacturing industry, both by number of employees and output, from the Bureau of Labor and Statistics. The national workforce is projected to grow 7.66% in the next ten years. The Primary metal manufacturing industry has a lower projected workforce growth at −4.23%. Its projected 10-year growth in output (7.99%) is lower than the projected national growth in output (24.2%).

Job Growth

For growth projections, the closest comparable industry reported by the Bureau of Labor Statistics is Primary metal manufacturing.

−4.23%

Estimated Job Growth

10-year Projection

7.66%

National Growth

10-year Projection

This line chart shows the projected 10-year growth in the number of jobs for Primary metal manufacturing. This industry is expected to grow less than than 7.66%, the average rate of national job growth.