The market is dominated by domestic suppliers, as imports account for 16.7% of total market size in 2025. B2B drives market demand, with B2B spending representing 98.7% of total demand in 2025. The US has the second largest market size for basic iron and steel across the top 20 developed countries, with demand reaching USD205 billion in 2025. ArcelorMittal USA LLC is the largest company in the US, generating 9.5% of the industry’s total production value in 2025. The industry is fragmented, with the top five companies generating 38.3% of total production value in 2025. The total number of companies increases in 2025, to 6,261 units. The costs of the industry increase by 3.7% in 2025, largely driven by rising B2B costs. The industry’s profitability increases and stands at 11.3% of production value in 2025, the third highest across the top 20 developed countries. The industry’s exports share decreases in 2025 to 6.6% of total production output. The production value of basic iron and steel in the US is USD160 billion in 2025.
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This Euromonitor industrial report provides unique information on Basic Iron and Steel in the US: ISIC 271. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Basic Iron and Steel in the US: ISIC 271 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
The Metal Products in USA report includes:
- Five year forecasts on industry’s historic trends and growth
- Insights on key factors shaping industry’s historic and future performance
- Historic data on industry’s turnover, market size, imports and exports
- Detailed overview of industry’s supply and demand structure
- Analysis of competitive landscape changes within the industry
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- How the Metal Products will perform in the future?
- Which categories are driving industry's growth?
- Which factors will shape industry’s performance?
- What is the industry’s costs and demand structure?
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- Is industry’s competitive landscape concentrated or fragmented?
Basic Iron and Steel in the US: ISIC 271
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Market Overview
Metal Products
This is the aggregation of basic iron and steel, basic preciuos and non-ferrous metals, casting of metals, coating of metals and mechanical engineering, forming of metal and power metallurgy, metal packaking, wire and other fabricated metal products.
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