Industry Analysis & Industry Trends
After a period of heavy beatings, the Iron and Steel Forging industry is expected to emerge with a stronger and brighter outlook. Over the five years through 2013-14, industry revenue is estimated to decline at a compound annual rate of 2.3% to reach $857.4 million. Despite this, profit margins have been relatively healthy, which is mainly attributed to the ability of operators to pass on price rises to their clients. Despite the ups and downs in input prices during the past five years, many operators have been able to keep their margins positive.
As a producer of primarily intermediate products, the industry is at the mercy of the performance of its downstream buyers. A... 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 Australian Capital 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.
Non-employing operators are expected to account for less than 40% of the industry in 2013-14. As the industry matures, operators grow in capacity and size... purchase to read more