Company description

Insteel Industries Inc. (ticker: IIIN) is a leading provider of steel and other metal products for various industrial applications. The company was founded in 1976 and is headquartered in Chicago, Illinois. With over 40 years of experience, Insteel has established itself as a trusted brand in the manufacturing industry, known for its high-quality products and exceptional customer service. Insteel operates through two main segments - Industrial and Homebuilding. The Industrial segment focuses on supplying steel wire reinforcing products for concrete construction, such as bridges, highways, and commercial buildings. The Homebuilding segment offers steel wire and fabricated welded wire reinforcement products for residential construction projects. Insteel's success lies in its advanced production capabilities, extensive distribution network, and constant innovation to meet the evolving needs of its customers. The company's manufacturing facilities are strategically located across the United States, providing efficient and timely delivery to its customers. In addition to its core products, Insteel also offers an array of value-added services, including product customization, technical support, and project management assistance. This has helped the company build long-term relationships with its customers and maintain a competitive edge in the market. Insteel's commitment to sustainability is another important aspect of its operations. The company has implemented various initiatives to reduce its impact on the environment, including the use of recycled material in its products and energy-efficient production processes. In 2020, Insteel was recognized by the National Association of Manufacturers for its outstanding sustainability performance. As of 2021