Released Date: May 2006 Page Last Modified Table 5e. Economic and Physical Indicators for the Iron and Steel Industry (NAICS 3311), 1998 and 2002 MECS Survey Years Indicators 1998 2002 Physical Pig Iron (Million Tons) 48.2 40.2 Raw Steel (Million Tons) 98.6 91.6 Nominal Economic ( Million Current Dollars) Value of Shipments 57,047 48,054 Value Added 24,416 18,781 Real Economic (Million 2000 Dollars) Value of Shipments 1 53,173 49,158 Value Added 2 22,673 19,757 Notes: 1. Deflated using BEA's chain-type price indices for value of shipments. 2.Deflated using BEA's chain-type price indices for value added for primary metal (NAICS 331). Sources: U.S. Department of Commerce, Bureau of the Census, Annual Survey of Manufacturers, Statistics for Industry Groups and Industries, 2001 and 2004; Bureau of Economic Analysis, "Value of Shipments by Detailed Industry 1998-2004," December 2005; U.S. Geological Survey, Mineral Commodity Summaries, prepared by Michael D. Fenton, January 2004 and 2005. For specific questions about the "Manufacturing Trend Tables," please contact: Behjat Hojjati Program Manager behjat.hojjati@eia.doe.gov Phone: 202-586-1068 Fax: 202-586-0018 For specific questions about the "Manufacturing Energy Consumption Survey Data ," please contact: Robert Adler Survey Manager robert.adler@eia.doe.gov Phone: 202-586-1134 Fax: 202-586-0018