Metal Wholesaling in the US
Operators in the Metal Wholesaling industry are expected to generate $208.0 billion in revenue in 2018, making this one of the largest industries in the United States. Metal wholesalers purchase primary metal products in bulk from manufacturers and distribute them to markets on a customized basis. They primarily distribute iron and steel, in addition to nonferrous metals like copper, brass and aluminum. Moving forward, stabilization in metal prices is expected to boost revenue growth. Meanwhile, persistent demand for metal inputs in the manufacturing, mining and construction sectors will reinforce demand for metal wholesaling services. Nevertheless, IBISWorld expects industry revenue to stagnate over the five years to 2023.
Metal wholesaling operators distribute primary metal products, both ferrous and nonferrous, to industrial and construction markets. Operators maintain inventory and may perform functions like sawing and cleaning on a custom basis and also as part of the distribution service. However, operators do not distribute precious metals, such as gold, silver and platinum, nor do they distribute insulated wire or recyclable metal scrap.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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