Employment
55,836
Total employees (Census CBP)
Manufacturing ·NAICS 3312
NAICS 3312 · IRS SOI (C corp) · Census CBP 2023
Steel Product Manufacturing from Purchased Steel - Industry Benchmarks
$80,464/yr average annual pay, with 161 SBA loans on record for NAICS 3312.
- 736
- Establishments
- 56K
- Workers employed
- $80,464/yr
- Avg payroll / employee
- $163M
- SBA lending, FY20–26
Data updated August 2026
The verdict · NAICS 3312
Texas leads Steel Product Manufacturing from Purchased Steel activity nationally, across 736 establishments employing 56K workers. IRS SOI doesn't publish margin data at this NAICS level.
- 736
- Business establishments (Census)
- 56K
- Workers employed (Census CBP)
- $80,464/yr
- Avg payroll / employee
- $163M
- SBA lending, FY20–26
Use Steel Product Manufacturing from Purchased Steel's NAICS benchmark as a comparison point, not a forecast for one business.
Steel Product Manufacturing from Purchased Steel is reported here with financial measures from IRS Statistics of Income and workforce measures from Census County Business Patterns. The page keeps those source systems distinct, shows unavailable fields rather than estimating them, and links the underlying industry context so readers can compare the same NAICS activity before interpreting a margin or payroll figure.
Source: IRS SOI (C corporation headline) and Census County Business Patterns 2023
Benchmarking Insights for Steel Product Manufacturing from Purchased Steel
Steel Product Manufacturing from Purchased Steel sits inside Manufacturing.
736 establishments employ 55,836 workers (75.9/location) at $80,464/yr average annual pay. Texas leads employment, followed by Illinois and Oklahoma.
Steel Product Manufacturing from Purchased Steel sits in the 21st percentile for employment among 4-digit NAICS industries with reported data.
Avg Payroll / Employee
$80,464/yr
Annual compensation
Establishments
736
Business locations
Release-over-release change
What changed from Census CBP 2022 to 2023
Employment increased by 3,096; establishment count increased by 27. This comparison uses two published national Census County Business Patterns releases; suppressed fields are omitted rather than estimated.
Subscribe to this industry's release updates (RSS)Workforce scale
Financial Detail
- Annual Payroll (Total)
- $4.5B
- Avg Employees per Establishment
- 75.9
Sub-Industries
| Industry | Profit Margin |
|---|---|
| Iron and Steel Pipe and Tube Manufacturing from Purchased Steel NAICS 33121 | N/A |
| Rolling and Drawing of Purchased Steel NAICS 33122 | N/A |
Top States by Employment
| State | Employment |
|---|---|
| Texas | 5,370 |
| Illinois | 4,357 |
| Oklahoma | 3,277 |
| Michigan | 2,789 |
| Tennessee | 2,160 |
| Missouri | 1,641 |
| Arkansas | 1,183 |
| Wisconsin | 879 |
| Kentucky | 872 |
| Louisiana | 797 |
Showing top 10 of 36 states
SBA Lending Activity
SBA FY2020–2026SBA Loans Approved
161
Total Loan Volume
$163M
Avg Loan Size
$1011K
Jobs Supported
2,428
Program Breakdown
7(a) 122 (76%)
504 39 (24%)
Top SBA Lender
The Huntington National Bank
24 loans in this industry
New Business Share
11.8% of borrowers were new/startup businesses
Annual Lending Trend (7 yrs)
2020 29
2021 23
2022 21
2023 25
2024 31
2025 28
2026 4
Frequently Asked Questions
How many businesses are in Steel Product Manufacturing from Purchased Steel?
736 business establishments. Together they employ 55,836 workers.
What is the average payroll per employee in Steel Product Manufacturing from Purchased Steel?
$80,464/yr average annual pay per employee. Businesses average 75.9 employees per establishment.
Which states have the most Steel Product Manufacturing from Purchased Steel employment?
Texas leads with 5,370 workers. Illinois (4,357) and Oklahoma (3,277) round out the top three.
How much SBA lending does Steel Product Manufacturing from Purchased Steel receive?
Steel Product Manufacturing from Purchased Steel businesses received 161 SBA loans totaling $163 million between FY2020 and FY2026. The average loan size was $1011K. These loans supported 2,428 jobs at origination. Most lending (76%) came through the SBA 7(a) program.
Nationwide industries with similar benchmark drivers
Two IRS/Census peer sets for Steel Product Manufacturing from Purchased Steel, both at NAICS level 4 and excluding this code so the neighborhoods are not self-links.
According to Census County Business Patterns 2023, Steel Product Manufacturing from Purchased Steel ranks #204 of 259 U.S. industries at the 4-digit NAICS level by total employment.
Similar workforce scale
Nearest peer industries by ABS(Census employment) (55,836 here).
Read with this industry: Industry employment trends · Manufacturing · 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 3312 · CBP 2023 · IRS SOI
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.