Major Group SIC 3316 - Cold-rolled Steel Sheet, Strip, And B...

SIC 3316 - Cold-rolled Steel Sheet, Strip, And Bars

SIC 33 - Primary Metal Industries
SIC 01 - Agricultural Production Crops SIC 02 - Agricultural Production Livestock And Animal Specialties SIC 07 - Agricultural Services SIC 08 - Forestry SIC 09 - Fishing, Hunting, And Trapping SIC 10 - Metal Mining SIC 12 - Coal Mining SIC 13 - Oil And Gas Extraction SIC 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels SIC 15 - Building Construction General Contractors And Operative Builders SIC 16 - Heavy Construction Other Than Building Construction Contractors SIC 17 - Construction Special Trade Contractors SIC 20 - Food And Kindred Products SIC 21 - Tobacco Products SIC 22 - Textile Mill Products SIC 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials SIC 24 - Lumber And Wood Products, Except Furniture SIC 25 - Furniture And Fixtures SIC 26 - Paper And Allied Products SIC 27 - Printing, Publishing, And Allied Industries SIC 28 - Chemicals And Allied Products SIC 29 - Petroleum Refining And Related Industries SIC 30 - Rubber And Miscellaneous Plastics Products SIC 31 - Leather And Leather Products SIC 32 - Stone, Clay, Glass, And Concrete Products SIC 33 - Primary Metal Industries SIC 34 - Fabricated Metal Products, Except Machinery And Transportation Equipment SIC 35 - Industrial And Commercial Machinery And Computer Equipment SIC 36 - Electronic And Other Electrical Equipment And Components, Except Computer Equipment SIC 37 - Transportation Equipment SIC 38 - Measuring, Analyzing, And Controlling Instruments Photographic, Medical And Optical Good SIC 39 - Miscellaneous Manufacturing Industries SIC 40 - Railroad Transportation SIC 41 - Local And Suburban Transit And Interurban Highway Passenger Transportation SIC 42 - Motor Freight Transportation And Warehousing SIC 44 - Water Transportation SIC 45 - Transportation By Air SIC 46 - Pipelines, Except Natural Gas SIC 47 - Transportation Services SIC 48 - Communications SIC 49 - Electric, Gas, And Sanitary Services SIC 50 - Wholesale Trade-durable Goods SIC 51 - Wholesale Trade-non-durable Goods SIC 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers SIC 53 - General Merchandise Stores SIC 54 - Food Stores SIC 55 - Automotive Dealers And Gasoline Service Stations SIC 56 - Apparel And Accessory Stores SIC 57 - Home Furniture, Furnishings, And Equipment Stores SIC 58 - Eating And Drinking Places SIC 59 - Miscellaneous Retail SIC 60 - Depository Institutions SIC 61 - Non-depository Credit Institutions SIC 62 - Security And Commodity Brokers, Dealers, Exchanges, And Services SIC 63 - Insurance Carriers SIC 64 - Insurance Agents, Brokers, And Service SIC 65 - Real Estate SIC 67 - Holding And Other Investment Offices SIC 70 - Hotels, Rooming Houses, Camps, And Other Lodging Places SIC 72 - Personal Services SIC 73 - Business Services SIC 75 - Automotive Repair, Services, And Parking SIC 76 - Miscellaneous Repair Services SIC 78 - Motion Pictures SIC 79 - Amusement And Recreation Services SIC 80 - Health Services SIC 81 - Legal Services SIC 82 - Educational Services SIC 83 - Social Services SIC 84 - Museums, Art Galleries, And Botanical And Zoological Gardens SIC 86 - Membership Organizations or Unions And Similar Labor Organizations SIC 87 - Engineering, Accounting, Research, Management, And Related Services SIC 89 - Services, Not Elsewhere Classified SIC 96 - Administration Of Economic Programs
- SIC 331 - Steel Works, Blast Furnaces, And Rolling And Finishing Mills
  SIC 331 - Steel Works, Blast Furnaces, And Rolling And Finishing Mills SIC 332 - Iron And Steel Foundries SIC 333 - Primary Smelting And Refining Of Nonferrous Metals SIC 334 - Secondary Smelting And Refining Of Nonferrous Metals SIC 335 - Rolling, Drawing, And Extruding Of Nonferrous Metals SIC 336 - Nonferrous Foundries (castings) SIC 339 - Miscellaneous Primary Metal Products
  - SIC 3316 - Cold-rolled Steel Sheet, Strip, And Bars
    SIC 3312 - Steel Works, Blast Furnaces (including Coke Ovens), And Rolling SIC 3315 - Steel Wiredrawing And Steel Nails And Spikes SIC 3316 - Cold-rolled Steel Sheet, Strip, And Bars SIC 3317 - Steel Pipe And Tubes SIC 3313 - Electrometallurgical Products, Except Steel

Establishments primarily engaged in: (1) cold-rolling steel sheets and strip from purchased hot-rolled sheets; (2) cold-drawing steel bars and steel shapes from purchased hot-rolled steel bars; and (3) producing other cold finished steel. Establishments primarily engaged in the production of steel, including hot-rolled steel sheets, and further cold-rolling such sheets are classified in Industry 3312.

Industry trends:

The Cold-rolled Steel Sheet, Strip, and Bars industry (NAICS 3316) is currently experiencing several notable qualitative trends. One significant trend is the increasing focus on sustainability and environmental impact. Steel manufacturers are investing in technologies that reduce carbon emissions and improve energy efficiency during production processes. This shift is driven by regulatory pressures and growing consumer demand for eco-friendly products.

Another trend is the rising adoption of advanced manufacturing techniques such as AI, robotics, and IoT. These technologies are enhancing production efficiency, reducing downtime, and improving quality control. Companies are leveraging data analytics to optimize supply chain management and forecast demand more accurately.

We are also seeing a trend toward customization and specialization. Customers are increasingly requesting specific grades and properties in cold-rolled steel products, necessitating agile and flexible manufacturing processes. Moreover, industries such as automotive and construction are demanding higher strength and lightweight steel options, pushing innovation in material science.

In terms of market forecast, the cold-rolled steel sector is expected to see moderate growth in the near future. This growth is fueled by recovery in key industries post-pandemic, infrastructural development initiatives, and strong demand from emerging markets. However, supply chain disruptions and fluctuating raw material prices pose potential challenges. Companies that continue to innovate and focus on sustainability are likely to maintain a competitive edge.

This industry is comprised of:

Cold-finished steel bars: not made in hot-rolling mills

Cold-rolled steel strip, sheet, and bars: not made in hot-rolling mills

Corrugating iron and steel, cold-rolled: not made in hot-rolling mills

Flat bright steel strip, cold-rolled: not made in hot-rolling mills

Razor blade strip steel, cold-rolled: not made in hot-rolling mills

Sheet steel, cold-rolled: not made in hot-rolling mills

Wire, flat: cold-rolled strip: not made in hot-rolling mills

Explore related industries:

SIC 3449 - Miscellaneous Structural Metal Work SIC 3547 - Rolling Mill Machinery And Equipment SIC 5051 - Metals Service Centers And Offices

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