Employment
17,126
Total employees (Census CBP)
Manufacturing ·NAICS 332111
NAICS 332111 · IRS SOI 2023 · Census CBP
Iron and Steel Forging - Industry Benchmarks
$76,803/yr average annual pay, with 87 SBA loans on record for NAICS 332111.
- 283
- Establishments
- 17K
- Workers employed
- $76,803/yr
- Avg payroll / employee
- $87M
- SBA lending, FY20–26
Data updated July 2026
The verdict · NAICS 332111
Ohio leads Iron and Steel Forging activity nationally, across 283 establishments employing 17K workers. IRS SOI doesn't publish margin data at this NAICS level.
- 283
- Business establishments (Census)
- 17K
- Workers employed (Census CBP)
- $76,803/yr
- Avg payroll / employee
- $87M
- SBA lending, FY20–26
Benchmarking Insights for Iron and Steel Forging
Iron and Steel Forging sits inside Manufacturing.
283 establishments employ 17,126 workers (60.5/location) at $76,803/yr average annual pay. Ohio leads employment, followed by Pennsylvania and California.
Avg Payroll / Employee
$76,803/yr
Annual compensation
Establishments
283
Business locations
Release-over-release change
What changed from Census CBP 2022 to 2023
Employment increased by 787; establishment count increased by 30. 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)
- $1.3B
- Avg Employees per Establishment
- 60.5
Top States by Employment
| State | Employment |
|---|---|
| Ohio | 2,204 |
| Pennsylvania | 1,731 |
| California | 1,383 |
| Georgia | 1 |
Showing top 10 of 22 states
SBA Lending Activity
SBA FY2020–2026SBA Loans Approved
87
Total Loan Volume
$87M
Avg Loan Size
$998K
Jobs Supported
1,331
Program Breakdown
7(a) 65 (75%)
504 22 (25%)
Top SBA Lender
The Huntington National Bank
8 loans in this industry
New Business Share
16.1% of borrowers were new/startup businesses
Annual Lending Trend (7 yrs)
2020 18
2021 21
2022 13
2023 15
2024 8
2025 11
2026 1
Frequently Asked Questions
How many businesses are in Iron and Steel Forging?
283 business establishments. Together they employ 17,126 workers.
What is the average payroll per employee in Iron and Steel Forging?
$76,803/yr average annual pay per employee. Businesses average 60.5 employees per establishment.
Which states have the most Iron and Steel Forging employment?
Ohio leads with 2,204 workers. Pennsylvania (1,731) and California (1,383) round out the top three.
How much SBA lending does Iron and Steel Forging receive?
Iron and Steel Forging businesses received 87 SBA loans totaling $87 million between FY2020 and FY2026. The average loan size was $998K. These loans supported 1,331 jobs at origination. Most lending (75%) 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 27% 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 Forging
- No margin data, check the parent industry. Browse Manufacturing
- 283 establishments, 17,126 workers. Payroll benchmarks
- 87 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 332111 · 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.