Economic Impact

Why Steel Matters

The steel industry generates more than $9.35 billion a year for Pennsylvania. Steel supports:

  • Close to 80,000 full-and part-time jobs
  • $4.94 billion paid in annual wages
  • $793 million in business taxes paid

Pennsylvania ranks among the top five states for gross domestic product generated by the primary metals manufacturing industry. Over the last decade, Indiana, Ohio and Pennsylvania have consistently ranked in the top three, trading places year to year.

In 2010, Pennsylvania exported directly $3.7 billion in primary metal manufacturing products to the rest of the world. The industry‘s products are one of Pennsylvania‘s biggest international exports. Steel has ranked as the Commonwealth’s fourth (or higher) largest export industry for the last 10 years, and has seen faster growth than Pennsylvania exports in general, more than doubling in value from $1.4 billion to $3.7 billion between 2001 and 2010.

To learn the full impact of steel on Pennsylvania’s economy, download a 2011 economic impact study done by the Pennsylvania Economy League of Southwestern Pennsylvania.

The Economic Impact of the Steel Industry in Pennsylvania

Economic Impact Study Executive Summary