economic impact

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Why Steel Matters

The steel industry has a major impact on Pennsylvania’s economy, and the commonwealth is one of the largest steel states in the nation.

According to a 2018 economic impact study commissioned by the American Iron and Steel Institute, the Pennsylvania steel industry directly employs 34,124 workers who earn $3.14 billion in wages and salaries annually. This equates to an average annual salary of $92,037, while generating $22.45 billion in output.

The industry is an important source of tax revenue for the state, local and national economy.  The industry provides more than $2.2 billion in state and local tax revenue, and more than $3.6 billion in federal tax revenue, for a total of $5.9 billion.

Study results show the Pennsylvania steel industry ranks among the top three in the country for direct jobs, output, wages and taxes paid.

The full economic impact study commissioned by the American Iron and Steel Institute can be found here: