SIC 3312 - Steel Works, Blast Furnaces (including Coke Ovens), And Rolling
Establishments primarily engaged in manufacturing hot metal, pig iron, and silvery pig iron from iron ore and iron and steel scrap; converting pig iron, scrap iron, and scrap steel into steel; and in hot-rolling iron and steel into basic shapes, such as plates, sheets, strips, rods, bars, and tubing. Merchant blast furnaces and by-product or beehive coke ovens are also included in this industry. Establishments primarily engaged in manufacturing ferro and nonferrous additive alloys by electrometallurgical processes are classified in Industry 3313.
Industry trends:
The steel industry, specifically within SIC 3312, has been witnessing several notable qualitative trends. One prominent trend is the significant shift toward sustainability and decarbonization. With increasing pressure from regulatory bodies and consumers, steel manufacturers are investing in technologies to reduce carbon emissions. This includes the adoption of electric arc furnaces, which are more energy-efficient and produce less CO2 compared to traditional blast furnaces. Moreover, there is a growing interest in hydrogen-based steelmaking, though it is still in its early stages.
Another trend is the digital transformation of steel production processes. Companies are implementing digital twin technologies, advanced data analytics, and AI-driven systems to enhance operational efficiency and predictive maintenance. This trend is not just about increasing productivity but also about improving safety and reducing downtime.
There is also a push towards recycling and the use of scrap steel to create a circular economy within the industry. The demand for recycled steel is forecasted to grow as companies strive to meet both regulatory standards and consumer expectations for environmentally friendly products.
Looking toward the near future, the steel industry is expected to continue integrating these technologies and methodologies. The acceleration of urbanization in emerging markets might fuel growth in demand, however, geopolitical tensions and trade policies could pose challenges. Nonetheless, companies investing in sustainable practices and advanced technologies are likely to position themselves favorably in the evolving market landscape.
This industry is comprised of:
Coal gas, derived from chemical recovery coke ovens
Coal tar crudes, derived from chemical recovery coke ovens
Coke, produced in beehive ovens
Coke, produced in chemical recovery coke ovens
Distillates, derived from chemical recovery coke ovens
Fence posts, iron and steel: made in steel works or rolling mills
Flats, iron and steel: made in steel works or hot-rolling mills
Forgings, iron and steel made in steel works or rolling mills
Frogs, iron and steel: made in steel works or rolling mills
Galvanized hoops, pipes, plates, sheets, and strips iron and steel
Gun forgings, iron and steel: made in steel works or rolling mills
Hoops, galvanized iron and steel
Hoops, iron and steel made in steel works or hot-rolling mills
Hot-rolled iron and steel products
Ingots, steel
Iron sinter, made in steel mills
Iron, pig
Nut rods, iron and steel made in steel works or rolling mills
Pipe, iron and steel made in steel works or rolling mills
Plates, made in steel works or rolling mills
Rail joints and fastenings, made in steel works or rolling mills
Railroad crossings, iron and steel: made in steel works or rollingmills
Rails, iron and steel
Rails rerolled or renewed
Rods iron and steel made in steel works or rolling mills
Sheet pilings, plain: iron and steel-made in steel works or rollingmills
Sheets, steel: made in steel works or hot-rolling mills
Shell slugs, steel made in steel works or rolling mills
Skelp, iron and steel
Slabs, steel
Spike rods, made in steel works or rolling mills
Sponge iron
Stainless steel
Steel works producing bars, rods, plates, sheets, structural shapes,
Strips, galvanized iron and steel: made in steel works or rolling mills
Strips, iron and steel: made in steel works or hot-rolling mills
Structural shapes, iron and steel
Tar, derived from chemical recovery coke ovens
Terneplate
Ternes, iron and steel: long or short
Tie plates, iron and steel
Tin-free steel
Tinplate
Tool steel
Tube rounds
Tubes, iron and steel: made in steel works or rolling mills
Tubing, seamless: steel
Well casings, iron and steel: made in steel works or rolling mills
Wheels, car and locomotive: iron and steel-mitse
Wire products, iron and steel: made steel works or rolling mills
Wrought pipe and tubing, made in steel works or rolling mills
Armor plate, made in steel works or rolling mills
Axles, rolled or forged: made in steel works or rolling mills
Bars, iron: made in steel works or rolling mills
Bars, steel made in steel works or hotrolling mills
Beehive coke oven products
Billets, steel
Blackplate
Blast furnace products
Blooms
Car wheels, rolled
Chemical recovery coke oven products
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