Steel Dynamics Pays an Average of $110,000 to Workers

steel workers at mill plant

As mentioned in a previous article written by CPA Chief Economist Jeff Ferry, the average salary is $94,252 for the steel industry. Also, there are 147 industrial manufactring projects that were started in October, according to Thomas Net.

Well-Paid Steel Jobs

High wages, as well as good benefit packages, are a trademark feature of the industry. Table 1 shows the pay levels of the median employee at America’s four largest steel companies. These figures are published in SEC filings and are required to be accurate under US securities laws.

Table 1.

Top Major Companies of this Industry: Annual Compensation for Median Employee, 2018
Nucor $106,097
Steel Dynamics $110,233
US Steel $ 73,872
AK Steel $ 86,804
Major steel company average $ 94,252

Ameri-Force shows a lot of openings for different companies across the country. This includes machinists, welders, and pipe fitters. From their website, “By providing some of the highest wages and best benefits available it’s no wonder our average team member remains with Ameri-Force for 10 years or more. The goal at Ameri-Force is to be your employer for life. Our recruiting team works hand-in-hand with you to provide assignments which increase your skill level and add to your job experience in order to advance and maintain your career.”

If you don’t have these skills yet, connect with your local trades school. Workshop for Warriors helps veterans with Advanced Manufacturing training.

Workshops for Warriors® is rebuilding American manufacturing, one veteran at a time.

“We are a State-licensed, board governed, fully audited, 501 (c) (3) nonprofit school founded in 2008. The mission of Workshops for Warriors is to provide quality training, accredited STEM educational programs, and opportunities to earn third party nationally recognized credentials to enable veterans, transitioning service members, and other students to be successfully trained and placed in their chosen advanced manufacturing career field.”

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