NAICS Code 423930-23 - Steel-Used (Wholesale)

Marketing Level - NAICS 8-Digit

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Contact Emails: 23
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NAICS CODE 423930-23
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Looking for more companies? See NAICS 423930 - Recyclable Material Merchant Wholesalers - 6,774 companies, 18,316 emails.

NAICS Code 423930-23 Description (8-Digit)

Steel-Used (Wholesale) is a subdivision of the Recyclable Material Merchant Wholesalers industry that deals with the wholesale distribution of used steel. This industry involves the buying and selling of steel that has been previously used in various applications, such as construction, manufacturing, and transportation. The steel is typically sourced from scrap yards, demolition sites, and other sources where used steel is available. Steel-Used (Wholesale) companies then sort, process, and distribute the steel to customers who use it for various purposes.

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 423930 page

Tools

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

  • Magnetic lifters
  • Plasma cutters
  • Angle grinders
  • Welding machines
  • Hydraulic shears
  • Band saws
  • Forklifts
  • Cranes
  • Metal detectors
  • Steel shot blasters

Industry Examples of Steel-Used (Wholesale)

Common products and services typical of NAICS Code 423930-23, illustrating the main business activities and contributions to the market.

  • Steel fabrication companies
  • Construction companies
  • Manufacturing companies
  • Transportation companies
  • Oil and gas companies
  • Mining companies
  • Agriculture equipment manufacturers
  • Shipbuilding companies
  • Infrastructure development companies
  • Steel recycling companies

History

A concise historical narrative of NAICS Code 423930-23 covering global milestones and recent developments within the United States.

  • The "Steel-Used (Wholesale)" industry has a long history dating back to the early 20th century when steel became a popular material for construction and manufacturing. During World War II, the demand for steel increased significantly, leading to the growth of the industry. In the 1960s and 1970s, the industry experienced a decline due to the rise of alternative materials such as aluminum and plastics. However, in recent years, the industry has seen a resurgence due to the increased demand for recycled steel and the growth of the construction and manufacturing sectors. In the United States, the industry has been impacted by the tariffs on steel imports imposed by the Trump administration in 2018, which led to an increase in domestic steel production and prices. Despite this, the industry has continued to grow due to the increasing demand for sustainable and eco-friendly materials.