Powered by LevrNAICS 331221: Rolled steel shape manufacturing
NAICS 331221 is the industry code for rolled steel shape manufacturing. Use it on loan applications, tax forms and registrations. Explore financing for manufacturing and start your application when you are ready.
What 331221 covers
This code covers businesses that roll or draw purchased steel into bars, rods, strip, sheet and shapes, such as cold rolled strip and cold finished bars.
Included in this code
- Cold rolled steel strip and sheet
- Cold finished steel bars
- Steel shapes rolled from purchased steel
- Flat wire
Not this code
- Steel mills: see 331110 Iron and steel mills and ferroalloy manufacturing
- Steel wire drawing: see 331222 Steel wire drawing
- Roll forming: see 332114 Custom roll forming
Businesses that use 331221
Financing for this trade
These processors finance rolling and finishing lines with equipment loans and use asset based lines for steel inventory. Lenders look at steel price volatility and automotive and appliance customer concentration.
Apply for funding with AIIs 331221 the right code for a rolled steel shape manufacturer?
Yes, if you buy steel and cold roll or draw it into strip, bar or shapes. Steel wire drawing has its own code, 331222, and roll forming into finished parts uses 332114. Service centers that only slit or cut steel for resale use wholesale code 423510.
What is the SBA size standard for 331221?
Under 13 CFR 121.201, a business classified under NAICS 331221 is small if it averages no more than 1,000 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 works for steel processors?
Asset based lending is the mainstay, advancing against steel inventory and receivables so the line flexes with metal prices. Rolling mills and annealing furnaces are financed with equipment loans. Lenders want inventory reporting, margin history and customer diversity beyond a single automaker or appliance maker.
What does NAICS 331221 cover?
Rolled steel shape manufacturing. Industry level code in NAICS 2022, under 31-33 Manufacturing, 331 Primary metal manufacturing, 3312 Steel product manufacturing from purchased steel, 33122 Rolling and drawing of purchased steel.
What financing do NAICS 331221 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 331221?
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.