Steel cut: Despite revenue decreases over the current period, the industry is expected to rebound

Operators in the Metal Wholesaling industry in Texas purchase metal products in bulk from manufacturers and larger wholesalers and distribute them to downstream markets. They primarily distribute iron and steel products, as well as nonferrous metals like copper, brass and aluminum. The industry's performance depends on demand from manufacturing markets and movements in metal prices, since high metal prices increase the value of inventory and boost operator revenue. Over the five years to 2017, volatile metal prices and imbalances in global supply and demand for steel have negatively affected metal wholesalers. However, industry revenue is forecast to return to growth over the next five years...read more.

Industry Statistics & Market Size
Revenue
$27bn
Annual Growth 12-17
-3.5%
Forecast Growth 17-22
Profit
Employment
22,003
Businesses
1,202
What Our Customers Say

Industry Threats & Opportunities

  • Declines in commodity prices have reduced the value of industry operators’ inventories
  • The industry has had some relief due to increasing demand for industry products
  • Expected growth in demand drivers indicates rising demand for industry products
  • Industry Report - Industry Key Buyers Chapter

    The Metal Wholesaling industry in Texas has a low level of market share concentration. The industry is highly fragmented, with a vast number of enterprises existing, many with multiple establishments. The majority of products in the industry are homogenous in functionality and quality. As a result, this makes it difficult for vendors to differentiate themselves from the competition and bring in more revenue than their competitors. Combined, the top four industry players are estimated to account for less than 5.0% of industry revenue in Texas. However, market share concentration has been increasing somewhat over the past five years to 2017, as consolidation among enterprises has been increasing. In particular, Reliance Steel & Aluminum Co. has...purchase to read more.

    Additional Insights for the Metal Wholesaling in Texas Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Metal Wholesaling in Texas Industry are

  • Effective quality control
  • Ability to control stock on hand and maintain appropriate inventory levels
  • Having links with suppliers
  • IBISWorld analysts also discuss how external factors such as Oil and natural gas price index and Value of utilities construction in the Metal Wholesaling in Texas industry impact industry performance..

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    What is the Metal Wholesaling in Texas Industry?

    Metal wholesaling operators distribute primary metal products, both ferrous and nonferrous, to industrial and construction markets. Operators maintain inventory and may perform functions like sawing and cleaning on a custom basis and also as part of the distribution service. However, operators do not distribute precious metals, such as gold, silver and platinum, and they also do not distribute insulated wire or recyclable metal scrap.

    Industry Products
  • Iron and steel pipes and tubing
  • Flat iron and steel products
  • Alloy steel
  • Other iron and steel products
  • Industry Activities
  • Wholesaling iron and steel products
  • Wholesaling stainless and alloy steel
  • Wholesaling copper and brass products
  • Wholesaling aluminum products
  • Wholesaling other nonferrous metals and products
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Oil and natural gas price index
  • Value of utilities construction
  • Manufacturing GDP for Texas
  • World price of steel

  • Current Performance
  • Falling commodity prices overpower demand
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Global demand for metal increases
  • Landscape outlook
  • Table: Metal Wholesaling in Texas Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Metal Wholesaling in Texas Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Utilities
  • Construction
  • Tractors & Agricultural Machinery Manufacturing
  • Construction Machinery Manufacturing
  • Mining, Oil & Gas Machinery Manufacturing
  • Truck, Trailer & Motor Home Manufacturing
  • Aircraft, Engine & Parts Manufacturing
  • Space Vehicle & Missile Manufacturing
  • Train, Subway & Transit Car Manufacturing
  • Ship Building

  • Key Selling Industries
  • Aluminum Manufacturing
  • Iron & Steel Manufacturing
  • Metal Pipe & Tube Manufacturing
  • Metal Tank Manufacturing
  • Metalworking Machinery Manufacturing
  • Nonferrous Metal Refining

  • Products & Services
  • Iron and steel pipes and tubing
  • Alloy steel
  • Flat iron and steel products
  • Other
  • Other iron and steel products
  • Chart: Metal Wholesaling in Texas Industry Products and Services Segmentation

  • Major Markets
  • Manufacturers
  • Other wholesalers for resale
  • Building contractors
  • Businesses for end use
  • Other markets
  • Chart: Major Market Segmentation for the Metal Wholesaling in Texas Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther
  • Chart: Cost Structure Benchmarking – Sector vs Metal Wholesaling in Texas

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Metal Wholesaling in Texas Industry

  • Eagle National Steel Ltd.Reliance Steel & Aluminum Co.Ryerson Holding CorporationTexas Iron & Metal
  • Table: Eagle National Steel Ltd. - financial performance
  • Table: Reliance Steel & Aluminum Co. - financial performance
  • Table: Ryerson Holding Corporation - financial performance
  • Table: Texas Iron & Metal - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Metal Wholesaling in Texas Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Metal Wholesaling in Texas Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • World Price of Steel (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Alloy
  • A metallic mixture of two or more elements created to enhance the properties of its original elements.
  • Mill
  • A manufacturing plant that produces metals.
  • Nonferrous Metal
  • A metal, such as aluminum, that does not contain iron.
  • Original Equipment Manufacturer
  • A company that manufactures products or components that a company purchases and retails under the purchasing company's brand name.
  • Why buy this report?

    IBISWorld’s Metal Wholesaling in Texas Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Metal Wholesaling in Texas industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Metal Wholesaling in Texas:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Metal Wholesaling in Texas market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Metal Wholesaling in Texas, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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