Insteel Industries Inc. is a US-based manufacturer of steel wire reinforcing products for the construction industry. The company was founded in 1953 and is headquartered in Mount Airy, North Carolina. It operates through its subsidiaries, which are engaged in the production and marketing of steel wire products used in concrete construction applications.
Insteel Industries specializes in the manufacturing of pre-stressed concrete strand (PC strand) and welded wire reinforcement (WWR). PC strand is a high-strength steel cable used in the construction of bridges, parking decks, and other concrete structures that require reinforcement. WWR consists of welded steel wire mesh and is used to reinforce concrete slabs, walls, and other building components.
The company's products are essential components in concrete construction, providing strength, durability, and structural integrity to various types of infrastructure projects. Insteel's products are designed to meet industry standards and specifications, and the company works closely with customers to provide customized solutions for their specific construction needs.
Insteel Industries went public in 1992, listing its shares on the NASDAQ stock exchange under the ticker symbol "IIIN." Since then, it has been traded publicly, allowing investors to participate in the company's growth and financial performance.
The company's competitive advantage lies in its vertically integrated operations, which include steel wire manufacturing, fabrication, and distribution. By controlling the entire production process, Insteel can ensure consistent quality, timely delivery, and cost-effectiveness.