The Ohio steel industry’s total economic impact on Ohio’s economy is an estimated $7.2 billion, according to IMPLAN, a widely used economic model. Nearly 100,000 jobs can be linked to the steel industry – through direct employment or ripple effects throughout the economy. These jobs generate $4.8 billion in wages. For every one job in the steel industry, two more jobs are generated.
Figures should be treated as averages per year, unless otherwise noted.
|OHIO STEEL PRODUCERS*|
|Steel production (tons)||14.5 million|
|Capital investment||$315.4 million|
|Environmental investment/operation costs||$168.5 million|
|Healthcare spending||$176 million|
|Charitable contributions||$5.3 million|
|Scrap used in steel production (tons)||7.8 million|
|Training/education spending||$4.4 million|
|Energy costs (electricity)||$250.5 million|
|Energy costs (natural gas)||$615 million|
|*Based on data collected from members of the Ohio Steel Council.|
|OHIO STEEL PRODUCERS AND PROCESSORS**|
|Ohio employment||22,274 jobs|
|Total number of jobs tied to steel in Ohio||96,913|
|Value-added steel production and processing||$6.18 billion|
|Labor income (wages) from Ohio steel companies||$1.34 billion|
|Purchase of Ohio goods/services by Ohio steel companies||$2.2 billion|
|**Based on Annual Survey of Manufactures and IMPLAN, a widely used economic model for estimating the economic impact of an industry on an economy.|
A Leader in Steel Production
- Since 1892, Ohio has held fast to its position as a leader in steel production.
- The latest Annual Survey ofManufactures ranks Ohio as a leader in producing and processing steel, second only to Pennsylvania.
- Ohio value-added steel production and processing are estimated at $6.18 billion.
Crucial to the Ohio Economy
- More than 22,000 Ohio residents work directly in steel production and processing.
- Wages total approximately $1.34 billion.
- The total number of jobs generated by the state’s steel industry is 100,000.
- The Ohio steel industry and industries tied to steel generate $4.8 billion in wages.
- According to IMPLAN, steel’s total economic impact on Ohio is $7.2 billion.
Major Tax Contributor
- Steel companies pay more than $600 million in taxes to Ohio and its local communities, and $700 million in federal taxes.
- Revenue from these taxes is used to maintain and strengthen local, state and federal programs.
Capital Investment in Ohio
- Steel producers and processors in Ohio spend on average $315 million per year on capital expenditures.
- Ohio facilities employ the most advanced technologies and remain competitive in a global economy based on fair trade.
Enriching Ohio Education
- The Ohio Steel Council member companies sponsor school programs and scholarships.
- Member companies educate the public about environmental issues.
- Ohio steel companies train workers in new technology, reimburse employees for college tuition and fund ongoing education for steelworkers.
- Ohio steel companies spend about $4.4 million a year on training and education.
- Ohio steel producers make charitable contributions totaling more than $5.3 million per year.
- Ohio steel companies partner with organizations such as the United Way and Habitat for Humanity.
- Steel is the number-one recycled material, outpacing paper, glass and aluminum combined.
- Ohio steelmakers regularly use scrap in making new steel.
- Ohio steel companies buy nearly 8 million tons per year from Ohio’s scrap dealers, shredders and buy-back centers.
Locations Throughout Ohio
- 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 242 steel manufacturing and processing establishments in Ohio.