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Iron and Steel Forging in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Iron and Steel Forging Market Research Report | ANZSIC C2210 | Jan 2015

Steeled for a fall: Industry revenue deteriorates as key markets perform poorly

The Iron and Steel Forging market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$625m
Annual Growth 10-15
-7.8%
Annual Growth 15-20
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Profit
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Employment
1,434
Businesses
118
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 Investment Chapter

The Iron and Steel Forging industry has a medium level of capital intensity. For every dollar spent on capital, a further $6.46 is spent on labour. Forging requires highly customised equipment that generally comes with hefty price tags. Useful life of this equipment generally extends beyond 15 years and depreciates at a relatively slow rate.

Capital intensity generally varies across operators. Smaller operators that cater mainly for small jobs generally have a low level of capital intensity. Players with small-scale operations tend to require simpler and less-expensive equipment in their production. Operators producing larger volumes may have more automated systems in place and will invest more into their capital for each unit of labour... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Iron and Steel Forging Industry?

Operators in this industry are mainly engaged in iron and steel forging activities. These activities involve the shaping of iron and steel into different forms. The process alters the physical properties of the metals, resulting in improved strength characteristics.

Industry Products
Open die forgingImpression die forgingFlashless forgingOther forging processes
 
Industry Activities
Steel chain forgingIron or steel fittingHorseshoeIron tube fittings and pipe fittingsIron or steel valveOther forged iron or steel products


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