NAICS Code 423510-24 - Metal-Steel (Wholesale)

Marketing Level - NAICS 8-Digit

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Looking for more companies? See NAICS 423510 - Metal Service Centers and Other Metal Merchant Wholesalers - 4,229 companies, 46,304 emails.

NAICS Code 423510-24 Description (8-Digit)

Metal-Steel (Wholesale) is a subdivision of the Metal Service Centers and Other Metal Merchant Wholesalers industry. This industry involves the wholesale distribution of steel products, including bars, plates, sheets, and structural shapes. Metal-Steel (Wholesale) companies purchase steel products from mills and other manufacturers and sell them to a variety of customers, including construction companies, manufacturers, and other wholesalers. These companies may also provide additional services such as cutting, drilling, and other forms of customization to meet the specific needs of their customers.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 423510 page

Tools

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

Industry Examples of Metal-Steel (Wholesale)

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

History

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.