US Shipments from Iron, Steel, Ferroalloy Manufacturers to Benefit from Growth Across End-Use Markets

Cleveland, OH, June 18, 2024 — Shipments from iron and steel mills and ferroalloy manufacturers are forecast to grow 3.0% per year in nominal terms through 2028, according to Iron, Steel, & Ferroalloy Manufacturing: United States, a report recently released by Freedonia Focus Reports. Shipments of steel products made from purchased steel are projected to see compound annual growth of 2.7% during that period. Advances will be driven by growth in production in end-use markets, such as appliances, armored and reinforced electrical and telecommunications cable, building products, machinery, motor vehicles, and nonbuilding construction (e.g., bridges, oil and gas pipelines, potable water and sewage systems).

These and other key insights are featured in Iron, Steel, & Ferroalloy Manufacturing: United States. This report forecasts to 2028 US iron, steel, and ferroalloy industry shipments in US dollars at the manufacturer level. Total shipments are segmented by product in terms of:

• hot rolled
• cold rolled and finished
• steel ingots and semifinished products
• pipe and tube
• coke oven and blast furnace products
• wire
• powder, paste, and flake
• other ferroalloys, superalloys, and all other ferrous materials not elsewhere classified, such as seamless rolled ring forgings, open die forgings, and smith forgings

To illustrate historical trends, total shipments, the various segments, and trade are provided in annual series from 2013 to 2023.

For the purposes of this report, the US iron, steel, and ferroalloy industry encompasses two, overlapping industries:

• iron and steel mills and ferroalloy manufacturers
• manufacturers of steel products from purchased steel

Because the output of iron and steel mills and ferroalloy manufacturers may be used as an input in the manufacture of steel products from purchased steel, data for these industries will be presented separately, to prevent double counting.

Shipments from metal foundries and fabricated metal producers are excluded from the scope of this report.

Re-exports of iron, steel, and ferroalloy industry products are excluded from demand and trade figures.

More information about the report is available at:

https://www.freedoniagroup.com/freedonia-focus/steel-mill-products-united-states-ff65013.htm

About Freedonia Focus Reports

Each month, The Freedonia Group publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Metals, Minerals, & Glass reports can be purchased at Freedonia Focus Reports.

Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:

• total historical market size and industry output
• segmentation by products and markets
• identification of market drivers, constraints, and key indicators
• segment-by-segment outlook in five-year forecasts
• a survey of the supply base
• suggested resources for further study