Powered by LevrNAICS 331110: Iron and steel mills and ferroalloy manufacturing
NAICS 331110 is the industry code for iron and steel mills and ferroalloy manufacturing. Use it on loan applications, tax forms and registrations. Explore financing for manufacturing and start your application when you are ready.
What 331110 covers
This code covers steel mills that make iron and steel from ore or scrap, including integrated mills and electric arc minimills, plus ferroalloy producers. Many mills also roll the steel into shapes, plate, sheet or bar.
Included in this code
- Integrated steel mills
- Electric arc furnace minimills
- Hot rolled and cold rolled steel made in house
- Ferroalloy production
- Steel billets, slabs and blooms
Not this code
- Steel products from purchased steel: see 331221 Rolled steel shape manufacturing
- Steel pipe from purchased steel: see 331210 Iron and steel pipe and tube manufacturing from purchased steel
- Steel service centers: see 423510 Metal service centers and other metal merchant wholesalers
Businesses that use 331110
Financing for this trade
Steel producers finance furnaces and rolling mills through large term facilities and equipment loans and run asset based lines on scrap, inventory and receivables. Lenders look at scrap and energy costs, tariffs and customer contracts.
Apply for funding with AIIs 331110 the right code for a steel mill or ferroalloy producer?
Yes, if you melt iron or steel from ore or scrap, or make ferroalloys. Companies that buy steel and roll, draw or form it use 331221, 331222 or 331210. Steel service centers that cut and resell purchased steel belong in wholesale code 423510.
What is the SBA size standard for 331110?
Under 13 CFR 121.201, a business classified under NAICS 331110 is small if it averages no more than 1,500 employees, counting affiliates, over the prior 24 months. SBA uses that number for loan eligibility and federal agencies use it for small business set asides. A firm above it can still qualify for SBA 7(a) and 504 loans under the alternative standard of $15 million tangible net worth and $5 million average net income.
What financing do specialty steel producers use?
Specialty mills usually rely on asset based revolving lines advanced against scrap, alloy inventory and receivables, combined with term loans or equipment financing for furnaces and rolling equipment. Lenders focus on metal margin stability, energy contracts and the credit of large industrial customers.
What does NAICS 331110 cover?
Iron and steel mills and ferroalloy manufacturing. Industry level code in NAICS 2022, under 31-33 Manufacturing, 331 Primary metal manufacturing, 3311 Iron and steel mills and ferroalloy manufacturing, 33111 Iron and steel mills and ferroalloy manufacturing.
What financing do NAICS 331110 businesses use?
Equipment financing, working capital, SBA loans and invoice factoring are the products placed most for manufacturing businesses. Start an application and the AI matches the deal to lenders that fund this code.
Where do I put NAICS 331110?
On the SBA loan application, on federal Schedule C or Form 1120, on SAM.gov and state registrations, and on most lender applications. A business can report more than one code; use this one if it describes what produces most of your revenue.