If you wondering How many jobs are available in steel/iron ore, you’re right place. In this article, we will answer your questions about this problem and provide for you more details which help you to choose the right job.
Did you know that there are over 2,000 jobs available in the steel and iron ore industry? That’s according to the latest figures from the Bureau of Labor Statistics. The demand for these jobs is expected to continue to grow as the economy improves. If you’re looking for a career with good job security and plenty of opportunity for advancement, this may be the perfect industry for you.
For people looking to start their careers, the availability of jobs in the steel and iron ore sectors is a frequent concern.
The Bureau of Labor Statistics reports that between May 2016 and May 2017, the number of job opportunities climbed by 2% while earnings for steelworkers increased by 7% nationwide. Despite the fact that other businesses (such as banking, insurance, and real estate) employ more people than the steel and iron ore sectors do, these positions often pay less than those in the steel and iron ore sectors.
Overview about steel/ iron ore industry
The production of steel and iron ore plays a significant role in the global economy. It generates a significant portion of the world’s iron ore and steel, two elements necessary for building and developing infrastructure. Additionally, a significant portion of the global workforce is employed by the sector.
The global steel and iron ore industries have recently gone through a transitional era. The emergence of new rivals, movements in global demand, and advances in technology have all contributed to this. As a result, both the industry’s structure and its performance have undergone major changes.
Common jobs available in steel/iron ore industry
According to the most recent data from 2019, there are around 146,000 employment in the steel/iron ore industry in the United States. Working in the steel/iron ore business provides a variety of intriguing tasks, from mining to metal manufacture.
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Here are some of common jobs available in steel/iron ore:
Iron worker
Number of jobs in the USA: 58.000+
2020-2030 job growth rate: 11%
Job openings: 46.000+
Steel Fabricator
Number of jobs in the USA: 57.000+
2020-2030 job growth rate: 3%
Job openings: 2000+
Steel worker
Number of jobs in the USA: 49.000+
2020-2030 job growth rate: 11%
Job openings: 38.000+
Plant operator
Number of jobs in the USA: 49.000+
2020-2030 job growth rate: -5%
Job openings: 37.000+
Steel detailer
Number of jobs in the USA: 28.000+
2020-2030 job growth rate: -11%
Job openings: 7000+
Ironworker/Welder
Number of jobs in the USA: 17.000+
2020-2030 job growth rate: 11%
Job openings: 7.000+
Miner
Number of jobs in the USA: 14.000+
2020-2030 job growth rate: 4%
Job openings: 500+
Caster operator
Number of jobs in the USA: 4.000+
2020-2030 job growth rate: -8%
Job openings: 52.000+
High paying jobs in steel/iron ore
This below is some of the best paying jobs in steel/iron ore industry you can consider:
Material Scientist
Average salary: $130.560
They are responsible for researching cutting-edge methods to improve the performance and durability of steel and iron ore products by utilizing their knowledge of chemistry, physics, and engineering to develop innovative processes and materials.
Metallurgist
Average salary: $86.520
Learn about the properties of metals and use what you’ve learned by manufacturing metals. responsible for investigating and evaluating different metals.
Factory Manager
Average salary: $74.000
Oversees the day-to-day operations of a steel or iron ore facility, including personnel management, production planning, and the creation of safety procedures.
Lowest-paying jobs
During the 19th century, the steel industry was based on a sliding scale system that defined the relationship between capital and labor. The pace of work and division of labor was decided by workers, and employers could not control the incomes of skilled workers. The system also included welfare schemes and job ladders.
The steel industry continues to employ workers in a variety of jobs. Jobs include ironworkers, millwrights, and foremen. Steel is used in construction and household appliances. It is also used in transportation. It is expected to benefit from the urbanization and strong domestic demand.
Steel plant laborers include boilermakers, motor inspectors, and bricklayers. These positions can provide good salaries.
Plant managers oversee the operations of a steel or iron ore plant. They make sure that the plant is running smoothly and ensure that workers are safe. These workers are in high demand. They also have a good business sense and can earn decent salaries.
Structural iron workers erect prefabricated metal structures. They also set up cranes, derricks, and equipment. They can earn annual wages from $40,500 to $47,500.
Steel workers are also hired for supervisory positions. These employees are hired to oversee foremen and other laborers. They also oversee the safety of the workers and the surrounding area. They oversee the manufacturing schedule. Some supervisors are promoted to plant manager. These jobs require advanced skills.
Steel workers can also go on to become foremen or plant managers. These jobs are some of the best-paying jobs in the steel industry. These jobs require advanced skills and a minimum of a high school diploma.
The highest-paid 10 percent of sales representatives earned $108,490. These representatives usually work full-time. They can also work evenings and weekends.
Iron ore prices that fluctuate over the past decade
During the commodity boom of the last decade, iron ore prices showed extraordinary behavior. There was a time when they were trading from US$40 to US$190 a tonne. Then they started to converge to the same levels as other metals.
In terms of long-term iron ore price evolution, there is no single model that has done it all. However, there are a few studies that have tried to tease out the relationship between iron ore prices and other economic indexes.
One study, Warell (2014), attempted to answer the question of what is the effect of GDP growth on iron ore prices. They found that a one percent increase in GDP growth in China resulted in a 1.46% increase in the real price of iron ore. The study also examined freight rates to see how they influenced iron ore prices. However, they found that freight rates were not a significant factor.
Other studies, such as Pustov et al. (2013), considered the effects of depletion of existing iron ore deposits and the return on investments in new projects. The aforementioned study was aimed at understanding how long-term iron ore prices are affected by factors such as the cost of production, the cost of shipping ores, and the price of other commodities. However, it could have been hampered by the ongoing commodity boom.
A more recent study, Lof and Ericsson (2017), also considered the effects of freight rates on iron ore prices, but used data from Brazil to determine the effect. They found that freight rates have an effect on iron ore prices, but the effect was relatively small. However, their results also showed that a one percent increase in freight index has a 0.23% effect on iron ore prices.
The Future Of The Steel/Iron Ore Industry
The need for steel is anticipated to increase globally, making the future of the steel and iron ore industries appear promising. Steel is an excellent choice for a stable career path because some industry experts predict a 20% increase in steel demand by 2050.
Population growth, urbanization, and the current increase in interest in electric vehicles are a few factors causing this trend.
Companies in those sectors will need to invest in new technology that enable faster production rates as well as improved efficiency given the ongoing growth in demand for steel and iron ore. Businesses like Boston Metal are already researching various steel production techniques to produce steel that will help clean up our planet by emitting less greenhouse gases.
Imagine entering this sector right away and helping to improve the planet!
FAQs
What Is The Average Salary In The Steel/Iron Ore Industry?
The steel and iron ore business pays an average wage of $75,000 per year. This is a little more than the typical manufacturing job wage.
Depending on the organization that one works for, jobs within this field differ. Transportation manager, director of human resources, operations coordinator, maintenance technician, or computer programmer are a few possible occupations in this field. There may be hundreds of job categories available at a major facility like ArcelorMittal to fulfill the unique demands of that facility. For instance, at a refinery or steel mill, many groups with expertise in different jobs may be performing a specific activity rather than simply one person. Here is a graph outlining the highest-paying jobs in the steel and iron ore sectors.
How to find a job in the steel/iron ore industry?
There are several methods for locating employment in the steel and iron ore industries. The most typical is to search employment boards or company websites online. Additionally, you can locate listings by contacting businesses directly or reading trade periodicals.
Steel Dynamics, Inc., Nucor Corporation, and ArcelorMittal are a few of the biggest employers in the sector. Many smaller businesses, meanwhile, are as worthwhile to take into account.
Experience working in a comparable profession is the greatest method to improve your chances of being hired in the steel and iron ore industries. Manufacturing of metals, engineering, and even logistics may fall under this category.
Conclusion
The iron and steel sector is significant. It supports millions of employment throughout the world, from mining to building. The good news is that there are many entry-level jobs available for individuals who are just starting out, so you don’t have to spend years moving up via lower-paying employment. There is thus no better time than now if you’re interested in entering this fulfilling line of employment.
The steel and iron ore industry is a critical part of the economy, creating jobs for hundreds of thousands of people. However, many people are not aware of the extent to which these industries impact their lives. For example, did you know that there are nearly half a million jobs in steel and iron ore? That’s right- almost 500,000 Americans work in these industries! And while automation has impacted some positions in these sectors, they remain an important source of employment for many people. So the next time you hear someone say that manufacturing is dead or irrelevant, tell them about the millions of people who rely on these industries for their livelihood.
If you’re interested in working in this steel/iron ore field, we hope this article can help you to find the right job. If you have any comments, contact us through Napo!
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