Asset Manager

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Insteel Industries

Insteel Industries, Inc. is the nation's largest manufacturer of steel wire reinforcing products for concrete construction applications. We manufacture and...

Insteel Industries logo

Insteel Industries

Insteel Industries, Inc. 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 concrete pipe reinforcement, engineered structural mesh and standard welded wire reinforcement. Our products are sold primarily to manufacturers of concrete products that are used in nonresidential construction.

General information

Firm type

Asset Manager

Year founded

1953

Location

Region

North America

Country

United States

City

Mount Airy

Corporate office

1373 Boggs Drive, Mount Airy, NC 27030, United States

Additional offices

Gallatin, TN · Hickman, KY · Hazleton, PA · Houston, TX · Dayton, TX

Principals

H.O. Woltz III

President and Chief Executive Officer

Sector focus

InfrastructureIndustrial Tech

Frequently asked questions

What drives demand for Insteel's products?

Demand is directly tied to nonresidential construction and infrastructure spending, particularly poured-in-place concrete structures. Bridges, parking decks, highways, and warehouse slabs all require steel reinforcement. The Infrastructure Investment and Jobs Act of 2021 created a multi-year funding pipeline for public works, which has led the company to expand capacity in anticipation of sustained demand.

Who runs Insteel Industries?

H.O. Woltz III is the President and CEO. He represents the third generation of the Woltz family to lead the company. The family's concentrated ownership allows the company to operate with a multi-decade outlook, avoiding the quarterly-earnings pressure that influences many publicly traded industrial firms.

What is Insteel's raw material exposure?

Insteel buys hot-rolled steel wire rod from domestic mills and cold-processes it into finished products. It does not melt scrap or produce its own raw steel. This makes the firm a price-taker on its input costs, which are closely correlated with U.S. hot-rolled coil steel prices. The company's spread between selling prices and raw material costs is the key metric to track.

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