Page Last Modified: May 2010 Table 5e. Economic and Physical Indicators for the Steel Industry, 1998, 2002, and 2006 MECS Survey Years Indicators 1998 2002 2006 Physical Raw Steel (Million Tons) 95 80 81 Nominal Economic Indicator for NAICS 33111 (Billion Current Dollars) Value of Shipments 57 48 93 Value Added 24 19 34 Real Economic Indicator for NAICS 3311 (Billion 2000 Dollars) Value of Shipments 2 53 49 62 Value Added 3 23 20 27 Notes: 1. Includes iron and steel mills and electrometallurgical ferroalloy product mfg. 2. Deflated using BEA's chain-type price indices for value of shipments. 3. Deflated using BEA's chain-type price indices for value added for primary metal (NAICS 331). Sources: Energy Information Administration, Manufacturing Energy Consumption Surveys 1998, 2002, and 2006; U.S. Department of Commerce, Bureau of the Census, Annual Survey of Manufacturers, Statistics for Industry Groups and Industries, 2001,2004, and 2009; Bureau of Economic Analysis (BEA), "Value of Shipments by Detailed Industry 1998-2008," December 2009; U.S. Department of Commerce, Bureau of the Census, Current Industrial Report, Steel Mill Products, 1998, 2003, and 2007.