|Last Quarterly Update:||10/31/2016|
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Companies in this industry erect and assemble structural steel and precast concrete components; they may also assemble and install steel reinforcing bar (rebar) and steel rods, mesh, and cages for the reinforcing of poured-in-place concrete. Major US companies include Baker Concrete Construction, C.P. Buckner Steel Erection, High Industries, Lexicon, and Schuff International.
China and the US are among the world's largest markets for construction, including structural steel and precast concrete contracting. Other major markets include Japan, Germany, Spain, France, and Italy. Major growth markets include India, Indonesia, and Mexico, amid continued urbanization.
The US industry includes about 3,200 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $10 billion.
Poured concrete foundation and structure contractors are covered in a separate industry profile.
Demand is driven by residential, commercial, and government-funded construction activity. The profitability of individual companies depends on accurate cost estimation and efficient project management. Large companies have economies of scale in marketing and purchasing. Small companies can compete effectively by specializing.
PRODUCTS, OPERATIONS & TECHNOLOGY
Major projects for structural steel and precast concrete contractors include the erection of steel and precast concrete components used in the construction of buildings and infrastructure. Other activities include placement of concrete reinforcing bar (rebar), rods, cages, and mesh.
Structural steel contractors use steel components such as horizontal beams and girders and vertical columns to build the steel frames that serve as the skeletons ...
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