Tools commonly used in the Metal-Steel (Wholesale) industry for day-to-day tasks and operations.

• Steel saws
• Plasma cutters
• Welding machines
• Shears
• Punch presses
• Grinders
• Drill presses
• Bending machines
• Forklifts
• Cranes

Common products and services typical of NAICS Code 423510-24, illustrating the main business activities and contributions to the market.

• Steel beams
• Steel pipes
• Steel plates
• Steel bars
• Steel sheets
• Steel coils
• Steel tubing
• Steel angles
• Steel channels
• Steel wire rods

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• ISO 9001: This certification ensures that the company has a quality management system in place that meets international standards. It is provided by the International Organization for Standardization (ISO).
• AWS D1.1: This certification is required for companies that weld steel structures and ensures that the welding is done according to the American Welding Society (AWS) standards.
• OSHA 10-Hour General Industry Training: This certification is required for workers in the metal-steel wholesale industry to ensure that they have a basic understanding of workplace safety and health hazards. It is provided by the Occupational Safety and Health Administration (OSHA).
• DOT Hazardous Materials Transportation Certification: This certification is required for companies that transport hazardous materials, including some types of steel. It ensures that the company is following the regulations set by the Department of Transportation (DOT).
• EPA Resource Conservation and Recovery Act (RCRA) Training: This certification is required for companies that generate hazardous waste, including some types of steel. It ensures that the company is following the regulations set by the Environmental Protection Agency (EPA).

A concise historical narrative of NAICS Code 423510-24 covering global milestones and recent developments within the United States.

• The "Metal-Steel (Wholesale)" industry has a long and rich history dating back to the 19th century. The industry started with the production of steel in the United States, which was used for various purposes, including construction, transportation, and manufacturing. In the early 1900s, the industry experienced significant growth due to the increasing demand for steel products. During World War II, the industry played a crucial role in the production of military equipment, which further boosted its growth. In the post-war era, the industry continued to expand, and new technologies were developed to improve the production process. In recent years, the industry has faced challenges due to the increasing competition from foreign markets and the fluctuating prices of raw materials. In the United States, the "Metal-Steel (Wholesale)" industry has a more recent history, with significant growth occurring in the mid-20th century. The industry benefited from the post-war economic boom, which led to increased demand for steel products. In the 1970s and 1980s, the industry faced challenges due to the increasing competition from foreign markets and the rise of alternative materials. However, the industry adapted to these changes and continued to grow. In recent years, the industry has faced challenges due to the increasing demand for sustainable materials and the impact of the COVID-19 pandemic on the global economy.

The anticipated future trajectory of the NAICS 423510-24 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Stable

  The future outlook for the Metal-Steel (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for steel in various sectors such as construction, automotive, and energy. The construction industry is expected to be the major driver of growth for the industry as the demand for steel in construction projects is expected to increase. Additionally, the increasing demand for electric vehicles is expected to drive the demand for steel in the automotive industry. The industry is also expected to benefit from the increasing adoption of automation and digitalization in the steel manufacturing process, which is expected to increase efficiency and reduce costs. However, the industry may face challenges such as increasing competition from imports and fluctuations in steel prices due to global economic conditions.

Recent groundbreaking advancements and milestones in the Metal-Steel (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

• Steel Dynamics Inc. announced the construction of a new $1.9 billion steel mill in Sinton, Texas, which is expected to produce 3 million tons of steel annually.
• Nucor Corporation announced the construction of a new $1.7 billion steel mill in Brandenburg, Kentucky, which is expected to produce 1.2 million tons of steel annually.
• ArcelorMittal announced the construction of a new $775 million steel mill in Calvert, Alabama, which is expected to produce 1.5 million tons of steel annually.
• United States Steel Corporation announced the construction of a new $1.2 billion steel mill in Fairfield, Alabama, which is expected to produce 1.6 million tons of steel annually.
• AK Steel Holding Corporation announced the construction of a new $300 million steel mill in Ashland, Kentucky, which is expected to produce 1.2 million tons of steel annually.