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Iron & Steel Manufacturing in Michigan

Author.Name IBISWorld United States Last Updated: April 2025 NAICS MI33111

Iron & Steel Manufacturing in Michigan industry analysis

The Iron & Steel Manufacturing industry in Michigan is expected to grow an annualized x% to $x.x billion over the five years to 2025, while the national industry will likely grow at x.x% during the same period. Industry establishments decreased an annualized -x.x% to xx locations. Industry employment has decreased an annualized -x.x% to x,xxx workers, while industry wages have decreased an annualized -x.x% to $x.x million.

Over the five years to 2030, the industry is expected to grow an annualized x.x% to $x.x billion, while the national industry is expected to grow x.x%. Industry establishments are forecast to decline -x.x% to xx locations. Industry employment is expected to increase an annualized x.x% to x,xxx workers, while industry wages are forecast to increase x% to $x.x million.

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About the Iron & Steel Manufacturing in Michigan Market Research Report

What’s Included in the Iron & Steel Manufacturing in Michigan Market Research Report

Definition of the Iron & Steel Manufacturing in Michigan?

Companies in this industry manufacture pig iron, steel and ferroalloys. Pig iron is often manufactured in a blast furnace or via newer direct-reduction methods. Steel may be manufactured in basic oxygen furnaces (newly made steel) or electric arc furnaces (recycled steel). This industry also includes operators that manufacture basic steel shapes such as bars, plates, rods, sheets, strips and wire or form pipes and tubes from steel they have produced.

What’s included in the Iron & Steel Manufacturing in Michigan?

The Iron & Steel Manufacturing in Michigan includes direct reduction of iron ore, manufacturing and converting pig iron, producing steel through the combination of coke and iron ore in blast furnaces, producing steel by melting recycled scrap steel, usually with pig iron, in electric arc furnaces, producing steel through the use of open-hearth furnaces, manufacturing cold-rolled and hot-rolled steel products, manufacturing basic steel shapes (e.g. bar, plate, rod, sheet, strip and wire), forming pipes and tubes from self-produced steel and manufacturing and converting ferroalloys. Related terms covered in the Iron & Steel Manufacturing in Michigan industry report includes used in integrated steelmaking, in which coke and iron ore react together under a hot air flow to form steel, used for scrap-based steelmaking, in which scrap steel is melted and recycled, used for steelmaking, in which carbon and other impurities are burnt off pig iron to produce steel, a high-carbon solid produced by heating coal in an oven to drive off volatile components, a steel producer that obtains most of its iron from recycled scrap steel and primarily uses electric arc furnaces, the intermediate product of smelting iron ore with coke; usually transferred in molten form to steelmaking furnaces and an iron alloy with a high proportion of one or more other elements that is used in the production of steel as a raw material.

Industry Performance of the Iron & Steel Manufacturing industry in Michigan

Benchmark the Iron & Steel Manufacturing in Michigan industry performance with all MI county and national performance.

Iron & Steel Manufacturing in Michigan

#8 in Highest Revenue 5.3% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Iron & Steel Manufacturing in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Iron & Steel Manufacturing industry in Michigan

See how key industry drivers, such as are impacting Iron & Steel Manufacturing in Michigan

Michigan Economic Indicators

Population
Net Migration

View more economic information in MI State Economic profile

US Key External Drivers

World price of steel
World price of iron ore
Value of construction

For the full list of industry drivers, see report purchase options.

County Data of the Iron & Steel Manufacturing industry in Michigan

Access proprietary data on county in the Iron & Steel Manufacturing in Michigan, such as Macomb County, Oakland County and Wayne County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Iron & Steel Manufacturing industry in Michigan

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Iron & Steel Manufacturing industry in Michigan in 2025?

The market size of the Iron & Steel Manufacturing industry in Michigan is $5.8bn in 2025.

How many businesses are there in the Iron & Steel Manufacturing industry in Michigan in 2025?

There are 16 businesses in the Iron & Steel Manufacturing industry in Michigan, which has been declining at an average annual rate of -1.2% from 2020 to 2025.

Has the Iron & Steel Manufacturing industry in Michigan grown or declined over the past 5 years?

The market size of the Iron & Steel Manufacturing industry in Michigan has been growing at an average annual rate of 9.0% from 2020 to 2025.

How many employees in the Iron & Steel Manufacturing industry in Michigan in 2025?

There are 3,957 employees in the Iron & Steel Manufacturing industry in Michigan, which has been declining at an average annual rate of -2.5% from 2020 to 2025.