Insteel Industries, Inc.

Insteel Industries 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 engineered structural mesh, concrete pipe reinforcement, and standard welded wire reinforcement. Our products are primarily sold to manufacturers of concrete products that are used in nonresidential construction. We estimate that approximately 85% of our sales are related to nonresidential construction and 15% are related to residential construction.

World-Class Manufacturer

Our ten world-class manufacturing facilities employ the latest advancements in equipment technology, allowing us to minimize changeover times and service our customers in a cost-effective manner that meets their requirements. Given the highly competitive nature of our business, we are intensely focused on operating as the low cost producer and minimizing the costs associated with converting hot-rolled steel wire rod, our primary raw material, into finished product. Considering the substantial investments we have made in our facilities and our advanced manufacturing practices, we believe that our unit conversion costs compare favorably with any of our competitors - domestic or offshore.

Our facilities are strategically located in close proximity to our customers and suppliers, enhancing our customer service capabilities and minimizing our costs for outbound and inbound freight.

Underlying our manufacturing activities is a sophisticated information systems infrastructure that provides us with a broad range of performance metrics and decision-support tools to continually monitor and fine tune our processes.

Industry Associations:

• American Metal Market
• American Wire Producers Association (AWPA)
• Canadian Precast/Prestressed Concrete Institute (CPCI)
• Concrete Reinforcing Steel Institute (CRSI)
• Metal Bulletin
• National Precast Concrete Association (NPCA)
• Wire Reinforcement Institute (WRI)
• Annual Reports
• Stock Information
• Company News
• Corporate Governance

Our History

Insteel's history dates back to 1953 with the acquisition of a ready-mix concrete and concrete block plant located in Mount Airy, North Carolina by Howard O. Woltz, Jr., our founder. In the ensuing years, Insteel expanded into precast concrete and other concrete products. In 1974, we entered the wire products business in response to a shortage of welded wire reinforcement ('WWR') for our precast concrete operations. We subsequently expanded our wire products businesses through both acquisitions and investments in state-of-the-art greenfield facilities. During the 1980s, we divested our concrete operations and from 1997 to 2006, we completed a series of divestitures to further narrow our strategic focus to our concrete reinforcing products businesses, WWR and PC strand, in which we have ascended to market leadership positions. In 2010, we acquired the WWR business of Ivy Steel & Wire, Inc. and in 2014, we acquired the PC strand business of American Spring Wire Corp.

Our Mission and Values

Insteel strives to be the nation's supplier of choice for steel wire reinforcing products for concrete construction applications by delivering superior value to our customers. To achieve this objective, we are committed to providing the highest quality products, competitive prices, prompt and reliable delivery, and highly personalized service. We expect our rigorous pursuit of this objective will generate attractive long-term returns for our shareholders.

The following key principles are essential to our success:

• We operate in close partnership with our customers and suppliers. Our customers are the focal point of everything we do.
• We strive to achieve and maintain leadership positions in our markets and operate as the low-cost producer.
• We maintain a trusting and participative work environment throughout the organization, adhering to the highest standards of ethics, professionalism and excellence.
• The safety of our people is of paramount importance. We operate highly productive manufacturing facilities and provide exemplary products and service to our customers without compromising the safety of employees.
• We seek continuous improvement in all of our business processes and activities.
• We provide our people with the appropriate resources, including training, technology and business infrastructure, that are required to be the supplier of choice to our customers.
• We continually pursue growth opportunities that further our penetration of the markets that we currently serve or expand our geographic footprint.