How Steel Is Essential to the Economy

How Steel Is Essential to the Economy

Life’s everyday necessities often include the things we can’t live without, like water, oxygen, food, and nutrients — but what do you know about steel and its critical role in our daily lives?

The Steel Industry is Essential to Modern Day Life

Before the Industrial Revolution in 1750, steel was a limited resource and very expensive due to labor being restricted, but as soon as advanced technologies began to develop, the steel industry flourished. Since then, it has spurred economic growth around the world, lifting societies out of poverty, and has even given new world power to developing nations. Steel is one of the most common materials in the world today, which is why it is often overlooked, but it is inevitably linked with economic growth and success in modern society.

Everyday Uses of Steel in Daily Life

Steel is known as a permanent material since it is durable, reusable, and 100 percent recyclable. It accompanies economic success with its multi-functioning uses for nearly everything around us, most of which we use on a daily basis, such as:

  • Automobiles
  • Skyscrapers
  • Homes
  • Bridges
  • Traffic Signals


All steel is recyclable, even steel produced before the Industrial Revolution and hundreds of years ago. Global steel recovery rates for recycling are estimated at 85 percent for the construction sector, 85 percent for the automotive sector, 90 percent for machinery, and 50 percent for electrical and domestic appliances. Everything we use is either made of steel or manufactured by equipment made of steel.

Contact Tampa Steel & Supply!

Here at Tampa Steel & Supply, we serve the needs of everyone. We’ll help you build, fabricate, and manufacture your project on time and on budget. Call to request a quote for whatever it is you need, and we will be here to provide quality service and quality products!

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