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Steel Tube Institute's 2025 Vision: Navigating Talent, Tariffs, & Building Innovations

Synopsis: The Steel Tube Institute has identified three main priorities for 2025: skilled trade jobs, tariffs on imports, and adapting commercial buildings. These focus areas aim to strengthen the steel industry and support economic growth.
Thursday, December 12, 2024
STI
Source : ContentFactory

The Steel Tube Institute, an influential organization in the steel industry, has outlined its key priorities for 2025. These priorities are shaped by anticipated changes in the manufacturing landscape, particularly with the new US presidential administration. The STI recognizes that the future of the steel and construction industries hinges on three main aspects: the development of skilled trade jobs, the enforcement of tariffs on imported steel, and the adaptation of commercial buildings to meet modern needs. During its Annual Fall Meeting, STI leadership emphasized the importance of these priorities in ensuring the industry remains robust and competitive.

One of the most pressing issues for STI is the need to future-proof commercial buildings. A recent Deloitte study suggests that commercial real estate is poised for a rebound in 2025, driven by global economic growth and lower inflation rates. As companies return to in-person work, there is a growing demand for buildings that not only meet operational efficiency standards but also adhere to sustainability practices. Executive Director Dale Crawford noted that the way multi-use buildings are utilized is changing, necessitating updates to their electrical systems. The use of steel conduit in electrical raceways will play a crucial role in this transition, helping to power modern facilities effectively and sustainably.

STI is also focused on educating engineers about the benefits of stainless steel conduit, especially in environments that may be corrosive or subject to moisture. The organization has recently established a stainless steel subcommittee to lead efforts in promoting the appropriate applications of this material. By ensuring that engineers are well-informed, STI aims to enhance the overall safety and reliability of electrical systems in commercial buildings.

Another significant trend affecting the steel industry is the reshoring of manufacturing jobs to North America. This shift is expected to create hundreds of thousands of high-paying skilled labor positions, which are increasingly attractive to young professionals. The STI is committed to promoting these benefits to draw new talent into the manufacturing sector. Crawford pointed out that the transition from gasoline-powered vehicles and natural gas appliances to electric alternatives will heighten the demand for skilled electricians. As a result, STI is actively advocating for a new generation of tradespeople to support this electrification movement across various industries.

To attract young workers, STI and its member companies are emphasizing the advantages of careers in skilled labor. These positions often come with good pay, strong benefits, and a safe working environment. Additionally, there is a low barrier to entry, as apprentices earn while they learn through structured programs. Crawford highlighted that manufacturing careers can offer flexibility and a fulfilling work-life balance, making them an appealing option for those considering alternatives to traditional college paths or gig economy jobs.

Tariff enforcement remains a critical priority for the Steel Tube Institute. The organization has long championed domestic steel production, and this focus continues under the new presidential administration. STI, in collaboration with its Canadian counterparts, supports the implementation of tariffs on imported steel products that can be manufactured domestically. The organization is advocating for increased funding for customs and border protection to ensure that tariffs are effectively enforced, particularly as product complexity increases. By joining forces with Canadian organizations, STI aims to uphold quality standards and promote fair practices in the steel importation process.

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