Employment
78,532
Total employees (Census CBP)
Manufacturing ·NAICS 331110
NAICS 331110 · IRS SOI 2023 · Census CBP
Iron and Steel Mills and Ferroalloy Manufacturing - Industry Benchmarks
$116,063/yr average annual pay, with 47 SBA loans on record for NAICS 331110.
- 359
- Establishments
- 79K
- Workers employed
- $116,063/yr
- Avg payroll / employee
- $38M
- SBA lending, FY20–26
Data updated July 2026
The verdict · NAICS 331110
Indiana leads Iron and Steel Mills and Ferroalloy Manufacturing activity nationally, across 359 establishments employing 79K workers. IRS SOI doesn't publish margin data at this NAICS level.
- 359
- Business establishments (Census)
- 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.
359 establishments employ 78,532 workers (218.8/location) at $116,063/yr average annual pay. Indiana leads employment, followed by Tennessee and Florida.
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.
Workforce scale
Financial Detail
- Annual Payroll (Total)
- $9.1B
- Avg Employees per Establishment
- 218.8
Top States by Employment
Showing top 10 of 30 states
SBA Lending Activity
SBA FY2020–2026SBA Loans Approved
47
Total Loan Volume
$38M
Avg Loan Size
$811K
Jobs Supported
709
Program Breakdown
7(a) 42 (89%)
504 5 (11%)
Top SBA Lender
The Huntington National Bank
8 loans in this industry
New Business Share
14.9% of borrowers were new/startup businesses
Annual Lending Trend (7 yrs)
2020 7
2021 9
2022 6
2023 4
2024 11
2025 7
2026 3
Frequently Asked Questions
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 47 SBA loans totaling $38 million between FY2020 and FY2026. The average loan size was $811K. These loans supported 709 jobs at origination. Most lending (89%) 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: Its Census employment total exceeds 67% of that same 801-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 workforce scale
Same NAICS detail level, ordered by the smallest difference in reported Census employment.
Benchmarking Iron and Steel Mills and Ferroalloy Manufacturing
- No margin data, check the parent industry. Browse Manufacturing
- 359 establishments, 78,532 workers. Payroll benchmarks
- 47 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 331110 · 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.