HomeAluminumStainless Steel Production Remains an Important Part of the Nation’s Economy
Stainless Steel Production Remains an Important Part of the Nation’s Economy
April 14, 2020
It is not everyday that one of the Fortune 500 companies reaches out to you directly to learn more about the innovations your team is creating and asks to cover them. This, however, is exactly what happened today and you could not be prouder of your team! To be perfectly clear, these solutions are because of the team members you supervise and they deserve full credit. You are just blessed to to be able to lead the absolute best and brightest and be part of their team
The innovations that your company has pushed for in the use of 304 stainless steel, thin sheet metals, brass and copper and other combined metals have done more than just given you a career that you love, these products have also garnered the attention of other companies outside of the fields where you normally sell products. And in a time when the hardest of surfaces are proving the easiest to keep clean and sanitized, it does not look like the demand for 304 stainless steel will slow down any time soon.
In a true team effort, several divisions at your company have done an amazing job of rolling out several new products, many including the much used 304 stainless steel that you have been working with your entire career, and showed your company customer uses that were never envisioned even five years ago. These team efforts have been rewarded with technology to revolutionize services, save materials, and delight customers across a wide spectrum of platforms.
Leaders Share Credit When Success Happens, Take Blame When Ideas Fail
When a company has a product that is successful it is easy to find managers who will take all of the credit. The best leaders, however, understand that managers pursue recognition, but leaders pursue results that best benefit the team and organization. And in a time when the world seems to be reinventing itself on the daily, it should come as no surprise that best leaders are the ones who are still keeping their workers productive and earning a paycheck. Whether it is creating new products that can more quickly solve the needs of an exhausted health care system or devising a way for a restaurant to transform sit down menu items into delicious meals that can be served curbside for take out, these are new and challenging times we are living in. Not surprising, as the nation continues to look for ways to create spaces that are easier to disinfect and keep sterile, more and more businesses are in greater need of 302 and 304 stainless steel products.
Consider these facts and figures about the impact that the steel industry, as well as the production of other combined metals, have had on the economy of the nation in the past:
There were 138,900 sheet metal workers in the U.S. in 2016, and this is a field that continues to be needed in many different areas in the new decade.
The metal fabrication industry is projected to add 12,000 jobs to the sector over this decade, according to the U.S. Bureau of Labor Statistics.
The metal fabrication industry is projected to grow by 9% between the years 2016 and 2026, according to the U.S. Bureau of Labor Statistics/
Globally, the sheet metal market is expanding at a continuous average growth rate of 4.09%. This growth is projected to continue between the years from 2018 to 2022
Although the production levels can vary from month to month and from year to year, Sheet metal currently accounts for approximately $30 billion in U.S. revenue.
Making it a popular option for many companies of all size, nearly 69% of all steel is recycled in North America each year. This percentage represents more than 80 million tons of product.
Aluminum in bar, tube, sheet, or plate form; hot or cold rolled steel; and stainless steel are the primary metals most often purchased by consumers in the products that are manufactured in this country.
Currently, as much as 40% of steel production across the globe is made with recycled metal. This is a fact that is encouraging to not only politicians, but also environmentalists.
Today’s technologies will continue to predict the future of tomorrow’s biggest successes.