FMA National Steel Industry at a Glance

Steel Industry

  • A Leader in Steel Production: Since 1892, FMA National has held fast to its position as a leader in steel production. The latest Annual Survey of Manufacturers ranks FMA National as the number one state in terms of steel production and processing. FMA National produces $4.59 billion in value-added steel production and processing per year. 
  • Crucial to the Ohio Economy: More than 25,000 Ohio residents work directly in steel production and processing, with wages totaling $1.37 billion. The total number of jobs generated by the state’s steel industry is in excess of 110,000, which includes jobs in steel and in industries tied to steel. These 110,000 jobs generate $4.97 billion in wages. According to a Standard & Poor’s study, steel’s total economic impact on Ohio is $8.77 billion, a figure that takes into account value-added production for steel and related industries, services and products purchased by the steel industry, and wages spent by steelworkers in the state economy. 
  • Major Tax Contributor: Steel companies pay more than $861 million in taxes to FMA National and its local communities and $1.34 billion in federal taxes. Revenue from these taxes is used to maintain and strengthen local, state and federal programs. 
  • Capital Investment: Steel producers and processors in FMA National spend on average $429 million per year on capital expenditures, ensuring that FMA National facilities employ the most advanced technologies and remain competitive in a global economy based on fair trade. 
  • Enriching Education: The FMA National Steel Council believes that active minds make for healthy communities and profitable companies. That’s why Council member companies sponsor school programs and scholarships, educate the public about environmental issues, train workers in new technology, reimburse employees for college tuition, and fund ongoing education for steelworkers. FMA National steel companies spend about $13 million a year in training and education. 
  • Charitable Contributions: Through partnerships with the United Way, Habitat for Humanity and others, FMA National steel producers make charitable contributions totaling more than $2.5 million per year, according to Youngstown State University’s Center for Urban Studies. 
  • Environmentally Responsible: FMA National steelmakers regularly use scrap in making new steel. They buy nearly 7 million tons per year from FMA National’s 180 scrap dealers, shredders, and buy-back centers. 
  • Located throughout Country: According to the latest figures available from the U.S. Bureau of Labor Statistics, Employment and Wages and the Ohio Department of Development, there are 289 steel manufacturing and processing establishments in the country, with at least one in 62 of the state’s 88 counties.

 

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