The steel industry is a part of the engine driving economic growth in the United States.
Originally, the civil war sparked the need for steel. Demand for steel started with infrastructure and expanded to the military. The Bethlehem Steel company easily provided steel for various needs.
Bethlehem Steel, originally located in Pennsylvania, was known for its contributions to World War I and II. Steel helped build ships and weaponry, facilitating the Allied Forces’ victory. The company was very successful; however, it declined due to foreign competition in the 1970s.
The steel industry’s success waxes and wanes. To stay competitive, the industry needs to be flexible to meet customer needs while embracing modern practices.
Current Industry Outlook
There have been several recent factors that impacted the demand for steel. The lasting effects of the pandemic, inflation, and the Russian-Ukrainian war all changed the demand for steel.
But the good news is that the industry is set to rebound. According to The World Steel Association, the steel industry is expected to recover by 8 percent this year. Projections for the U.S. steel industry show growth of 1.3 percent this year and 2.5 percent in 2024.
Smaller Steel Companies’ Advantage
Today’s successful steel companies prioritize innovation and aligning their values with their customers to stay economically stable. The steel industry has had to remain flexible to face inflation and embrace technological advancements.
The World Steel Association highlights the steel industry’s dedication to community development. Steel companies contribute to roads, transportation systems, and community institutions. They also generate additional jobs, as steel’s needed for energy and transportation.
Threadline’s Edge
Small steel companies are able to stay flexible in meeting the needs of their customers and the communities that they serve. At Threadline, we are able to bring our customers all the benefits of steel at competitive prices.
We’ve created a successful track record of bringing innovative services to customers since 1984. Our metal fabrication products include anchor bolts, hardware, miscellaneous steel, and much more.
We supply metal products from Charlotte to the West Coast. Our location in North Carolina has strategic advantages – just as Pennsylvania did for steel companies in the past. North Carolina has extensive growth and access to major shipping lanes.
We strive to show our customers what providing good service means; it’s not solely selling products. Because we share our customers’ values, we are focused on speed and flexibility to meet their needs.
The flexibility we offer is only possible with our multifaceted team of experts. Our fabrication experts offer customizable services for small and large orders and see projects through to completion. So, adapting to customers’ preferences is easy for us.
Fast, Customized Service at Threadline
Customers desire flexibility and speed, which is exactly what Threadline delivers.
To find out more about how Threadline can meet your needs for steel products, contact us today!