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American metal is strong. It’s up to us to keep it that way.

By Sam Zekelman
on May 18, 2022

For those of us who work in or conduct business with the American metal industry, we know just how important this sector is to the overall health and well-being of our economy. The Metals Service Center Institute (MSCI) completed a study that confirms what we have long understood to be true: The American metal industry is a dynamic player not only in our national economy, but also globally.

The materials produced by the metals manufacturing industry create the everyday products that power our lives. Companies that operate in the sector are responsible for nearly 2.2 million U.S. jobs — all of which pay well. Altogether, this accounts for $150 billion in total wages, $62 billion in local, state and federal taxes, and a $621 billion contribution to the nation’s GDP.

For policymakers who are committed to building and sustaining a vibrant American economy, these facts matter. They paint a picture of a thriving industry — one that can only be sustained with careful, close attention to the following factors:

Infrastructure, Energy & Environment: The metals industry must have a reliable energy supply and strong infrastructure to conduct its business. Policies that protect our environment while providing access to the energy we need to be successful are critical.

Workforce Stability: A well-educated and skilled workforce ensures that the American metals industry remains productive and competitive on the global stage. Tightening employee “skills gaps” is essential.

Healthcare: Policies that reduce the cost of health care for employers while giving American workers the plans and benefits they need to care for their families will keep us competitive in a global economy.

Regulations: Regulations are necessary to protect both consumers and workers, but overregulation imposes significant cost burdens on metal businesses.

Taxes and Fiscal Responsibility: Reducing the overall tax burden on metal businesses will support investment and innovation.

Trade & Currency: International trade offers many benefits when all players adhere to the same set of international rules, including currency rules.

For a state-by-state look at how America’s strong metal industry impacts jobs, tax revenues and more, visit the MSCI website to view the full interactive report.