Industry Analysis & Industry Trends
Despite its abundance of natural resources and large quantities of iron ore, Australia has a small steel sector compared with other developed nations. The Iron and Steel Forging industry is characterised by a number of small companies that produce highly customised, low-volume forged products. The industry also includes a few large companies that produce grinding media and wheels and axles for rolling stock.
Forging iron and steel is a method of shaping the metal. Unlike cast iron and steel products, where the metal is heated to its melting point and then poured into a mould, forging involves applying pressure to the metal and bending it into shape. Forging generally produces stronger steel components but is more difficult to perform on larger items... purchase to read more
Industry Report - Industry Locations Chapter
Locations of operators across Australia generally follow the distribution of population. New South Wales, Victoria and Queensland represent more than 70% of industry establishments. According to the ABS, there are no iron and steel forging operators in the Northern Territory or Tasmania. The tendency for businesses to thrive near well-populated areas is partly attributed to the concentration of various manufacturing and construction businesses in these locations, which are the largest consumers of products in this industry. High density of manufacturing firms in Victoria results in the state being over represented in terms of establishments relative to its population... purchase to read more