Steel Tool and Engineering Co Salary

Steel Tool and Engineering Co Salary

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As of August 2026, the average annual salary for employees at Steel Tool and Engineering Co in the United States is $98,392. This translates to an approximate hourly wage of $47. Salaries at Steel Tool and Engineering Co typically range from $86,605 to $111,147 annually, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Steel Tool and Engineering Co

Ready for your next career move? Explore current job openings at Steel Tool and Engineering Co. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Steel Tool and Engineering Co’s Pay Competitive? Salary Benchmarking Analysis

How does Steel Tool and Engineering Co's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.
Competitor / Benchmark Avg. Salary Variance Primary Market Influence Factor & Explanation
Ultimate Hydroforming Inc $96,883
-1.5%
Indicates identical technical requirements and experience levels between the two firms.
Hino $99,098
+0.7%
Reflects stabilized pricing equilibrium for commercial construction roles in this region.
Global Titanium Inc $97,917
-0.5%
Aligns perfectly with prevailing regional benchmarks for this specific job family.
Valenite Inc Valenite $97,917
-0.5%
Confirms Valenite Inc Valenite is a direct competitor vying for the exact same talent pool.
MFG Durable Industry $121,746
+23.7%
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.
Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

How Steel Tool and Engineering Co's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Steel Tool and Engineering Co. Click a company name to learn more.

Employee Reviews: Working at Steel Tool and Engineering Co

Considering a career at Steel Tool and Engineering Co? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
The company culture here exceeds all my expectations for manufacturing work. The career advancement opportunities through apprenticeship programs are exceptional. Production targets are realistic.
Commented in April 19, 2025
25
2
Overall, the company values employee wellbeing, supports professional growth, and fosters a collaborative environment that encourages teamwork and innovation. Safe environment, realistic deadlines, and plenty of growth potential. They don’t just talk about it; they live it. Things run smoothly, but new ideas are often to implement.
Commented in March 18, 2025
12
3
If you’re looking for predictability and minimal stress, this could be a good fit. Schedules sometimes change with short notice. Equipment is mostly reliable, but support during breakdowns can lag. A strong sense of teamwork and accountability keeps this place moving efficiently. It’s a stable, fulfilling place to work. Great work environment for both experienced professionals and those starting o...
Commented in February 05, 2025
39
0
What stands out most is the supportive team environment. Production lines operate efficiently, safety is prioritized, and employees are treated with respect. It’s a good starting point, not a long-term goal. Excellent leadership, great communication, and a real focus on quality and safety. Management empowers us to take initiative and find innovative solutions on the manufacturing floor.
Commented in December 28, 2024
10
2
There are plenty of opportunities for internal growth, and teamwork is strongly encouraged. Workload varies seasonally, sometimes causing stress. Onboarding process was smooth. Schedules are consistent, which is important for planning your personal time.
Commented in January 22, 2024
31
2

Steel Tool and Engineering Co Overview

Website
www.steeltool.com
Founded In
1959
Employees
100 - 200 employees
Industry
MFG Durable
Headquarter Address
28005 Fort St Trenton Michigan MI 48183
Revenue
$10 Million - $50 Million
Phone Number
+1 7346928580
Social Media
About Steel Tool and Engineering Co
Steel Tool & Engineering is well known for producing components for the aviation, space and defense industries. STE is a leader in the production of honeycomb seals, shrouds, & heat shields: the company has manufactured literally thousands upon thousands of these parts in a wide variety of nickel and cobalt based alloys. Today with modern high technology equipment and advanced quality techniques,

What Benefits Does Steel Tool and Engineering Co Offer Beyond Salary?

A competitive compensation package is more than just a salary. Steel Tool and Engineering Co offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Detroit?

Understanding the cost of living near Detroit is key to truly evaluating a salary offer or your current compensation at Steel Tool and Engineering Co.
Detroit's Cost of Living Index is approximately 97.6 (2.4% less expensive than US average; 6.9% more than MI average). Housing varies extremely by neighborhood (very cheap to expensive gentrified), overall costs can be low. DDOT/SMART bus, QLine. When planning your budget based on a salary from Steel Tool and Engineering Co, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $800 - $1,500+ (Highly variable) A significant portion of Steel Tool and Engineering Co salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation $70 (DDOT/SMART monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $390 - $570 Can be higher with more dining out or specialty stores.
Personal & Leisure $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $370 - $690+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,130 - $3,660+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Steel Tool and Engineering Co

1. What is the estimated average total compensation at Steel Tool and Engineering Co?

Salary.com estimates that the average total compensation package at Steel Tool and Engineering Co, which can include base salary, potential bonuses, and benefits, is around $98,392 annually . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Steel Tool and Engineering Co pay compared to Ultimate Hydroforming Inc?

The average annual salary at Steel Tool and Engineering Co is $98,392, or an hourly wage of $47, in comparison to Ultimate Hydroforming Inc which pays $96,883 per year or $47 per hour.

3. Do salaries differ significantly between departments at Steel Tool and Engineering Co?

Yes, salaries often differ between departments at Steel Tool and Engineering Co due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. What's the typical salary progression for an employee moving from an entry-level to a senior role at Steel Tool and Engineering Co?

Salary progression from an entry-level to a senior role at Steel Tool and Engineering Co can be significant, often involving several promotions and substantial pay increases. For example, an entry-level Analyst might see their salary potentially double or more as they progress to a Senior Manager or Director position over several years, assuming strong performance and development.

5. How can I determine if a salary offer from Steel Tool and Engineering Co in Detroit is fair given the local cost of living?

To determine if a salary offer from Steel Tool and Engineering Co in Detroit is fair, first compare the gross salary to our data for similar roles at Steel Tool and Engineering Co and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Detroit" to understand its purchasing power.

6. Are promotions at Steel Tool and Engineering Co usually accompanied by a significant salary increase?

Yes, promotions at Steel Tool and Engineering Co are generally accompanied by a salary increase. The amount of the increase typically reflects the greater responsibilities, skills, and scope of the new role. The percentage increase can vary widely depending on the level of promotion and the company's compensation structure.

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