March 2015 Report: The growth of the steel and steel fabrication industry is a direct result of the growth of the other corresponding sectors. With the American economy on the rise once again, various sectors are showing steady growth as well. According to the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee, the steel industry in America has seen a steady growth with the manufacturing industry showing rising economic activity for the 26th consecutive month.
Some of the industries that have shown promising economic growth are:
The growth of the custom metal fabrication industry serves as a reflection of the current state and preferences of industry drivers. Products traditionally fabricated from wood are now being modified to utilize steel as the primary material for fabrication. This change has occurred for two main reasons:
Point of Consideration:
Traditionally shipping racks were made of wood. They were sturdy enough, comparatively economical, and could do the job well. On the flip side, they rot easily, are not as strong as steel, and can’t be worked on to include complicated features. Steel, on the other hand, when mixed with alloys doesn’t rust or break easily, and can be machined to accommodate complicated features.
Industries are shifting from wood to steel for good reason. With the overall economy showing growth for the 69th consecutive month, there is an upsurge of economic growth in almost all industries. Since steel fabricated products are used in most industries, this growth is directly proportionate to the growth of the steel and steel fabrication industry.
As the Packaging Engineer for ExxonMobil Chemical’s Films Business, I have worked with Joe DiSabantonio and SPS Ideal Solutions for approximately 15 years. As suppliers of BOPP films to the converting industry we were presented with the unique challenge of designing a returnable packaging solution for very large converter size rolls of film.Read More