Iron & steel mills & steel product manufacturing

Industry Group

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Workforce
385k
2019 BLS Estimate
Average Employee Age
44.2
Estimated Job Growth
−4.23%
10-Year Projection
Average Salary
$65,760
Average Male Salary
$67,778
Average Female Salary
$65,235

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, Firstline supervisors of production & operating workers, Laborers & freight, stock, & material movers, hand, and Miscellaneous production workers, including semiconductor processors. 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 $67,074. Part-time employees in the same industry work 21.5 hours and earn an average annual salary of $25,448.

The locations with the highest concentration of employees in the Iron & steel mills & steel product manufacturing Industry Group are Porter County PUMA, IN, Gary City & Griffith Town PUMA, IN, and LaPorte County PUMA, IN. The industry that purchases the most products or services from the Hospitals Industry Group is Iron & steel mills & steel product manufacturing.

Workforce

A snapshot of jobs, wages, and opportunities 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, but the Iron & steel mills & steel product manufacturing Industry Group employs a relatively high number of Structural metal fabricators & fitters, compared to other industries. 

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

Monthly Employment

Showing data for the Manufacturing industry sector.
Start Year
Y-Axis
6.34%
Year-over-year growth
Employment change between May 2020 and May 2021

As of May 2021, there are 12.3M people employed in the Manufacturing industry. This represents a 6.34% increase in employment when compared to May 2020.

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

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Occupations

Occupations by Share

385k
Workforce (BLS Estimate)
ACS Estimate: 273k
−2.33%
1 Year Growth
± 6.75%

The Bureau of Labor Statistics estimates that there were 385k people employed in the Iron & steel mills & steel product manufacturing Industry Group in 2019.

According to ACS estimates, the number of people employed in the Iron & steel mills & steel product manufacturing Industry Group has been declining at a rate of −2.33%, , from 280k people in 2019 to 273k people in 2020.

The following graphic shows the share of employment in Iron & steel mills & steel product manufacturing by various occupations according to ACS estimates. Miscellaneous metal workers & plastic workers, including multiple machine tool setters represent the largest share of positions held in Iron & steel mills & steel product manufacturing at 8.38%, followed by Welding, soldering, & brazing workers with 6.44% and Firstline supervisors of production & operating workers with 5.57%.

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Most Specialized

Compared to other Industry Groups, Iron & steel mills & steel product manufacturing employs an unusually high number of Structural metal fabricators & fitters, Metal furnace operators, tenders, pourers, & casters, and Crane & tower operators.

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Highest Paid

The highest paid occupations in Iron & steel mills & steel product manufacturing, by average wage, are Chief executives & legislators, Lawyers, & judges, magistrates, & other judicial workers, and Architectural & engineering managers.

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Wages

Average Salary

$65,760
AVERAGE WAGE
± $2,526

On average, employees in the Iron & steel mills & steel product manufacturing Industry Group make $65,760 per year. This number makes Iron & steel mills & steel product manufacturing the 76 highest paying Industry Group in the United States out of a total of 269 Industry Groups.

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Wage by Location

HIGHEST PAYING PUBLIC USE MICRODATA AREA

This map shows which public use microdata areas (PUMAs) pay the highest average salary to employees in the Iron & steel mills & steel product manufacturing Industry Group.

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Wage Distribution

0.344
WAGE GINI

Iron & steel mills & steel product manufacturing has a wage GINI of 0.344, 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).

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Opportunities

Spatial Concentration

This map shows the PUMAs in the United States that have revealed comparative advantage in the Iron & steel mills & steel product manufacturing Industry Group.

These are locations that employ more people in the Iron & steel mills & steel product manufacturing Industry Group than expected given both the size of that location's overall labor pool and the national size of the Iron & steel mills & steel product manufacturing Industry Group.

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Diversity

Demographic information on the Iron & steel mills & steel product manufacturing Industry Group in the US. Male employees tend to earn more than Female employees, with average respective salaries of $67,778 and $65,235. So too tend to earn more than other races and ethnicities in this industry.

Composition by Sex

35k
FEMALE WORKFORCE
±4.59k
238k
MALE WORKFORCE
±12k

87.2% of workers in the Iron & steel mills & steel product manufacturing Industry Group are Male, making them the more common sex in the workforce. This chart shows the sex breakdown of the Iron & steel mills & steel product manufacturing Industry Group.

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Wage by Sex in Common Jobs

$67,778
AVERAGE MALE SALARY
±$2,783
$65,235
AVERAGE FEMALE SALARY
±$2,493

On average, Male workers in the Iron & steel mills & steel product manufacturing Industry Group make 1.04 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.

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Wage by Race & Ethnicity in Common Jobs

RACE OR ETHNICITY WITH THE HIGHEST AVERAGE SALARY
  1. Asian
  2. White
  3. Two or More Races

On average, Asian employees in the Iron & steel mills & steel product manufacturing Industry Group earn 1.15 times more than other races and ethnicities. This chart shows the race and ethnicity-based wage disparities in the 5 most common occupations in the Iron & steel mills & steel product manufacturing Industry Group.

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Input/Output

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. 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.

Industrial Flow

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

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

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.

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Use of Output by Other Industries

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

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.

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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 comparible 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.

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Output Growth

For growth projections, the closest comparible industry reported by the Bureau of Labor Statistics is Primary metal manufacturing.
7.99%
Estimate Growth
10-year Projection

This line chart shows the projected 10-year growth in output of the Primary metal manufacturing industry.

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