Inside Insteel
Company Overview
Insteel Industries is the nation's largest manufacturer of steel
wire reinforcing products for concrete construction applications.
We manufacture and market prestressed concrete strand and welded
wire reinforcement, including engineered structural mesh, concrete
pipe reinforcement, and standard welded wire reinforcement. Our
products are primarily sold to manufacturers of concrete products
that are used in nonresidential construction. We estimate that
approximately 85% of our sales are related to nonresidential
construction and 15% are related to residential construction.
Company History
Leadership
Mission and Values
World-Class Manufacturer
Our ten world-class manufacturing facilities employ the latest
advancements in equipment technology, allowing us to minimize
changeover times and service our customers in a cost-effective
manner that meets their requirements. Given the highly competitive
nature of our business, we are intensely focused on operating as
the low cost producer and minimizing the costs associated with
converting hot-rolled steel wire rod, our primary raw material,
into finished product. Considering the substantial investments we
have made in our facilities and our advanced manufacturing
practices, we believe that our unit conversion costs compare
favorably with any of our competitors - domestic or offshore.
Our facilities are strategically located in close proximity to
our customers and suppliers, enhancing our customer service
capabilities and minimizing our costs for outbound and inbound
freight.
Underlying our manufacturing activities is a sophisticated
information systems infrastructure that provides us with a broad
range of performance metrics and decision-support tools to
continually monitor and fine tune our processes.
Industry Associations:
Investors
Insteel's common stock is listed on the New York Stock Exchange
under the symbol IIIN and has traded on NYSE since March 2021.
Our business strategy is focused on: (1) achieving
leadership positions in our markets; (2) operating as the lowest
cost producer; and (3) pursuing growth opportunities in our core
businesses that further our penetration of current markets served
or expand our geographic footprint. Headquartered in Mount Airy,
North Carolina, we operate ten manufacturing facilities that are
located in the U.S. in close proximity to our customers. Our growth
initiatives are focused on organic opportunities as well as
acquisitions in existing or related markets that leverage our
infrastructure and core competencies in the manufacture and
marketing of concrete reinforcing products.
Considering our technologically advanced manufacturing
facilities, low cost production capabilities, strong market
positions, sophisticated information systems and broad product
offering and geographic reach, we believe that we are
well-positioned to compete favorably with other producers of
concrete reinforcing products and pursue additional growth
opportunities.
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