Profit Margin
-0.2%
Net income ÷ total receipts (IRS SOI)
Manufacturing ·NAICS 3311
NAICS 3311 · IRS SOI 2023 · Census CBP
Iron and Steel Mills and Ferroalloy Manufacturing - Industry Benchmarks
$116,063/yr average annual pay, with 48 SBA loans on record for NAICS 3311.
- -0.2%
- Net margin
- 79K
- Workers employed
- $116,063/yr
- Avg payroll / employee
- $38M
- SBA lending, FY20–26
Data updated July 2026
The verdict · NAICS 3311
Iron and Steel Mills and Ferroalloy Manufacturing runs a -0.2% pre-tax net margin - significantly below average, typical of high-volume, low-margin sectors - across 359 establishments employing 79K workers.
- -0.2%
- Pre-tax net margin (IRS SOI)
- 79K
- Workers employed (Census CBP)
- $116,063/yr
- Avg payroll / employee
- $38M
- SBA lending, FY20–26
Benchmarking Insights for Iron and Steel Mills and Ferroalloy Manufacturing
Iron and Steel Mills and Ferroalloy Manufacturing sits inside Manufacturing at a -0.2% net margin (significantly below average, typical of high-volume, low-margin sectors), $144.4B in aggregate receipts across 2,687 returns, averaging $53.7B per establishment.
359 establishments employ 78,532 workers (218.8/location) at $116,063/yr average annual pay. Indiana leads employment, followed by Tennessee and Florida.
Total Receipts
$144.4B
Annual revenue (IRS SOI)
Net Income
$-325536000
Pre-tax net income
Employment
78,532
Total employees (Census CBP)
Avg Payroll / Employee
$116,063/yr
Annual compensation
Establishments
359
Business locations
Release-over-release change
What changed from Census CBP 2022 to 2023
Employment decreased by 785; establishment count increased by 45. This comparison uses two published national Census County Business Patterns releases; suppressed fields are omitted rather than estimated.
Where each dollar of Iron and Steel Mills and Ferroalloy Manufacturing revenue goes
Workforce scale
Iron and Steel Mills and Ferroalloy Manufacturing margin vs national reference points
Iron and Steel Mills and Ferroalloy Manufacturing net margin 0.0%
Cross-industry median (5%)
p25/median/p75 = 3%/5%/8%
Business Structure Breakdown
How businesses in this industry are legally structured (IRS SOI)
C Corporation
2,687 returns 100%
Margin: -0.2% · Receipts: $144.4B
Financial Detail
- Total Tax Returns Filed
- 2,687
- Avg Receipts per Business
- $53.7B
- Annual Payroll (Total)
- $9.1B
- Avg Employees per Establishment
- 218.8
Sub-Industries
| Industry | Profit Margin |
|---|---|
| Iron and Steel Mills and Ferroalloy Manufacturing NAICS 33111 | N/A |
Top States by Employment
Showing top 10 of 30 states
SBA Lending Activity
SBA FY2020–2026SBA Loans Approved
48
Total Loan Volume
$38M
Avg Loan Size
$797K
Jobs Supported
721
Program Breakdown
7(a) 43 (90%)
504 5 (10%)
Top SBA Lender
The Huntington National Bank
8 loans in this industry
New Business Share
14.6% of borrowers were new/startup businesses
Annual Lending Trend (7 yrs)
2020 7
2021 9
2022 6
2023 4
2024 12
2025 7
2026 3
Frequently Asked Questions
What is the average revenue for Iron and Steel Mills and Ferroalloy Manufacturing?
$144.4B in total annual receipts across all Iron and Steel Mills and Ferroalloy Manufacturing businesses. Average per business: $53.7B.
How profitable is Iron and Steel Mills and Ferroalloy Manufacturing?
-0.2% net profit margin, significantly below average, typical of high-volume, low-margin sectors.
How many businesses are in Iron and Steel Mills and Ferroalloy Manufacturing?
359 business establishments. Together they employ 78,532 workers.
What is the average payroll per employee in Iron and Steel Mills and Ferroalloy Manufacturing?
$116,063/yr average annual pay per employee. Businesses average 218.8 employees per establishment.
Which states have the most Iron and Steel Mills and Ferroalloy Manufacturing employment?
Indiana leads with 16,944 workers. Tennessee (1,144) and Florida (301) round out the top three.
How much SBA lending does Iron and Steel Mills and Ferroalloy Manufacturing receive?
Iron and Steel Mills and Ferroalloy Manufacturing businesses received 48 SBA loans totaling $38 million between FY2020 and FY2026. The average loan size was $797K. These loans supported 721 jobs at origination. Most lending (90%) came through the SBA 7(a) program.
Comparable industry benchmarks
These links are calculated from the current national dataset. They are comparison paths, not recommendations or evidence that businesses operate alike.
How this ranks: Iron and Steel Mills and Ferroalloy Manufacturing reports a higher net margin than 3% of the 126 IRS-tracked industries at the same NAICS detail level. Its Census employment total exceeds 25% of that same 259-industry cohort. Calculated by ranking this industry's reported value against every other industry at the same NAICS digit-level, not the whole dataset: comparing a 6-digit detail industry to a 2-digit sector would mix incompatible scales.
Closest reported net margins
Same NAICS detail level, ordered by the smallest difference in reported IRS pre-tax margin.
Closest workforce scale
Same NAICS detail level, ordered by the smallest difference in reported Census employment.
Benchmarking Iron and Steel Mills and Ferroalloy Manufacturing
- Net margin: -0.2% vs sector. Browse Manufacturing
- 359 establishments, 78,532 workers. Payroll benchmarks
- 48 SBA loans on record. SBA lending rankings
Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.
Sources: IRS Statistics of Income (SOI) Business Tax Statistics · Census Bureau County Business Patterns 2023
NAICS 3311 · Data year: 2023
According to the U.S. Census Bureau, which released its 2023 County Business Patterns dataset in June 2025, PlainBizBench benchmarks 2,002 U.S. industries against Internal Revenue Service Statistics of Income data. See our methodology for the full compilation process.
Read our methodology - how this data is sourced, computed, and verified.
Source: U.S. Census Bureau, County Business Patterns / SUSB Industry employment scale, payroll, and firm-size benchmarks · 2023
Every figure on PlainBizBench is rendered directly from federal source data, no number is typed in by an editor. This page aggregates profit-margin, payroll, entity-type, and SBA-lending benchmarks for this industry, live from the dataset. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.
Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.