NAICS Code 331110-14 - Scrap Metal Products (Manufacturing)

Tools commonly used in the Scrap Metal Products (Manufacturing) industry for day-to-day tasks and operations.

• Metal shears
• Hydraulic balers
• Shredders
• Grapples
• Magnets
• Torch cutters
• Plasma cutters
• Welding machines
• Forklifts
• Cranes

Common products and services typical of NAICS Code 331110-14, illustrating the main business activities and contributions to the market.

• Metal pipes
• Metal beams
• Metal plates
• Metal rods
• Metal bars
• Metal sheets
• Metal coils
• Metal wire
• Metal tubing
• Metal angles

A concise historical narrative of NAICS Code 331110-14 covering global milestones and recent developments within the United States.

• The "Scrap Metal Products (Manufacturing)" industry has a long history dating back to the early 19th century when the first iron and steel mills were established in the United States. The industry has since grown and evolved, with notable advancements such as the development of electric arc furnaces in the 20th century, which allowed for more efficient and cost-effective production of steel. In recent years, the industry has faced challenges such as fluctuating commodity prices and increased competition from overseas markets. However, it has also seen growth in areas such as recycling and sustainability, with companies focusing on reducing waste and improving their environmental impact. In the United States, the "Scrap Metal Products (Manufacturing)" industry has a more recent history, with significant growth occurring in the mid-20th century. This growth was driven by the post-World War II economic boom and the increasing demand for steel and other metal products. In the 21st century, the industry has faced challenges such as the 2008 financial crisis and increased competition from overseas markets. However, it has also seen growth in areas such as technological advancements and automation, which have allowed for more efficient and cost-effective production processes.