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NAICS Code· 331512

NAICS 331512: Steel Investment Foundries

This U.S. industry comprises establishments primarily engaged in manufacturing steel investment castings. Investment molds are formed by covering a wax shape with a refractory slurry. After the refractory slurry hardens, the wax is melted, leaving a seamless mold. Investment molds provide highly detailed, consistent castings. Establishments in this industry purchase steel made in other establishments. Cross-References. Establishments primarily engaged in--Show more

NAICS 331512 – Steel Investment Foundries encompasses the production of precision metal components through the investment casting process, commonly used to manufacture complex, high-strength steel parts with tight dimensional tolerances. This sector serves critical defense, aerospace, and energy applications where components must withstand extreme thermal and mechanical stresses, such as turbine blades, valve bodies, and structural fittings.

5
Active Contracts
$369K
Total Obligations (12mo)
28
Awarded Contracts (12mo)
20
Contractors Awarded (12mo)
3
Median Bidders per Award
-43.1%
YoY Growth

Industry Spending Overview

Federal obligations, top contractors and agencies, and related industry codes for NAICS 331512.

AI Industry Description

NAICS 331512 – Steel Investment Foundries encompasses the production of precision metal components through the investment casting process, commonly used to manufacture complex, high-strength steel parts with tight dimensional tolerances. This sector serves critical defense, aerospace, and energy app...

NAICS 331512 – Steel Investment Foundries encompasses the production of precision metal components through the investment casting process, commonly used to manufacture complex, high-strength steel parts with tight dimensional tolerances. This sector serves critical defense, aerospace, and energy applications where components must withstand extreme thermal and mechanical stresses, such as turbine blades, valve bodies, and structural fittings. Investment casting enables the creation of intricate geometries unattainable through machining or forging, making it indispensable for mission-critical systems. In government contracting, this NAICS supports the supply chain for advanced weapon systems, aircraft engines, and naval propulsion units, often as a specialized subcontracting tier within larger prime contracts. No contractor data is available to identify leading firms in this NAICS code. However, participants typically include small to mid-sized foundries with AS9100 and NADCAP certifications, alongside a limited number of large industrial manufacturers with in-house investment casting capabilities. The competitive landscape is characterized by high barriers to entry due to capital intensity, regulatory compliance, and long qualification cycles for defense suppliers. No agency data is available to identify primary buyers. Demand is likely driven by the Department of Defense, particularly the Navy and Air Force, for propulsion and airframe components, as well as the Department of Energy for nuclear and energy infrastructure applications. Procurement is often embedded within broader systems contracts rather than issued as standalone solicitations. The market is highly specialized, with limited competition due to technical expertise and certification requirements. Opportunities exist for certified foundries with experience in austenitic, martensitic, and superalloy steels, particularly those capable of supporting just-in-time delivery and traceability for defense programs. Long lead times and reliance on skilled labor suggest sustained demand for qualified suppliers with robust quality management systems.

Top Contractors

Companies with the highest total award value under NAICS 331512, ranked by dollars won.

Top Agencies

Federal agencies directing the most contract spending toward NAICS 331512.

Department Of Defense26 awards$281K
DLA Land And Maritime2 awards$88K

Competition

How many companies historically bid on federal awards in NAICS 331512, from bidder counts reported on USAspending.

Moderate Competition

Median 3-5 bidders per reported award. · 1,653 reported awards

Median Bidders

3

Per reported award, all-time

Single-Bid Awards

39%

Share of reported awards with one bidder

10+ Bidder Awards

6%

Share of reported awards with 10+ bidders

Reported Awards

0

93% of 1,768 total awards

How this code compares up the NAICS hierarchy. Parent cohorts pool every code under their prefix, so they are the steadier baseline when a 6-digit sample is thin.

Industry FamilyCompetitionMedian BiddersSingle-BidBidder MixReported Awards
331512This Code
Steel Investment Foundries
Moderate Competition339%
1,65393% of 1,768
33151NAICS Industry
Fewer Bidders239%
3,03394% of 3,227
3315Industry Group
Foundries
Moderate Competition336%
8,13587% of 9,398
331Subsector
Moderate Competition325%
208,25283% of 250,798
33Sector
Manufacturing
Fewer Bidders244%
16,852,66969% of 24,321,569

Bidder counts reported on past federal awards in this NAICS (USAspending). An open opportunity has no bidders yet, so this is the historical norm for similar work, not a fact about this solicitation. Not all awards report bidder counts, and fewer bidders often means incumbent-held work rather than an easier win. Federal reporting of bidder counts fell from ~96% of awards (FY2016) to ~30% (FY2018 onward); the chart shows shares of reported awards, and washed-out stretches mark years with fewer than 30 of them.

Related NAICS Codes

Industries similar to Steel Investment Foundries, by shared sector, subsector, and industry group.

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NAICS 331512 FAQ

Frequently Asked Questions

NAICS code 331512 covers Steel Investment Foundries. This U.S. industry comprises establishments primarily engaged in manufacturing steel investment castings. Investment molds are formed by covering a wax shape with a refractory slurry. After the refractory slurry hardens, the wax is melted, leaving a seamless mold. Investment molds provide highly detailed, consistent castings. Establishments in this industry purchase steel made in other establishments. Cross-References. Establishments primarily engaged in--

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Miguel
Hillary
Keith Deutsch
Christine

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