Steel is one of the most widely used minerals on the planet. It is also the most recycled. The steel industry began in the late 1850s and has since been a fixture of the industrial economy.
The steel industry is one of the most relied upon industries of today. In America alone, the steel industry is responsible for providing over 150,000 jobs. That number, though, is not enough to satiate the need for steel. In fact, America imports large amounts of steel in order to keep up with various sectors’ demand for it.
Wasatch Steel lists the top five sectors that rely on the steel industry below:
• Construction sector – Probably no other sector is as reliant on the steel industry than construction. Steel is a fixture in construction and is needed in its many different phases.
• Transport sector – Practically all vehicles in the transport sector are built with steel ranging from all types of cars, to buses, trains, aeroplanes, and others. In fact, steel accounts for about 50% of the weight of an average car.
• Energy sector – Because of its strength and reliability, steel is heavily relied upon for offshore platforms and quarrying purposes through pipes, platforms, as well as cranes and forklifts.
• Appliance sector – If steel is responsible for roughly 50% of the weight of an average transport vehicle, that number is amplified to about 75% when it comes to common household appliances. Steel is the most plentiful material used for appliances such as washing machines, ovens, microwaves and other such household items.
• Packaging sector – Canned goods can be found aplenty in grocery aisles across the country. What makes steel such a popular choice as packaging material is its inherent capacity to shield goods from heat, light, and exposure. This method of packing has been in practice for years and steel’s recycelability will continue to make it so.
Steel is one of the most important materials in modern industry. The inherent strength, coupled with the very low production cost required to produce it, makes steel such a popular choice as raw material for the production of various products and machinery, and runs the gamut from one industry to another.