The American iron and steel industry is estimated to support around 716,000 in supplier jobs and pay an average of $53 billion in compensation and wages. The iron and steel industry contributes to the overall public finances of the nation, and the suppliers generate an estimated $173 billion in revenue. This also follows into the sheet metal industry, which currently accounts for around $30 billion in U.S. revenue.
But before we get too far into it, what exactly are we talking about here?
What Is Sheet Metal?
Sheet metal is a versatile form of metal wherein steel, aluminum, copper, brass, nickel, tin, titanium, or even precious metals are made into a thin sheet which can then be cut, bent, or otherwise molded to the desired shape and size. The term sheet metal refers to any metal which can be formed into a sheet of varying thickness, though very thick sheets are called plate.
How Is Sheet Metal Helping the U.S. Economy?
Being so versatile, sheet metal is a great choice for architects and innovative designers to work with. In addition to being malleable, it is also strong and finished in such a way that it is resistant to corrosion, sun, and moisture.
The sheet metal industry currently accounts for an estimated 30 billion dollars in U.S. revenue. While small compared to the 173 billion dollars believed to be generated by the steel and iron industry in the United States, that amount is still appreciable. Even simple aluminum sheeting brings in a hefty part of that figure.
The sheet metal industry helps form the backbone of the iron and steel industry in the U.S., providing workable, durable material from which all manner of things can be fabricated. While sheet metal does tend to suffer a bit when the economy is less than booming, it more than makes up for that in fruitful times.
Overall, sheet metal is clearly an important arm of the iron and steel industry, providing billions of dollars worth of strong, malleable, and corrosion-resistant material which can be used to fabricate all manner of parts and pieces, as well as be used for larger projects, such as those seen in architectural contexts.