Industry Analysis & Industry Trends
The forging of iron and steel is a method used for processing metal by the application of thermal and mechanical pressure, to reach the desired shape. Forging generally produces stronger steel components than metal casting, and the finished product is suitable for high-stress applications. Traditionally, forged products have been important inputs into motor vehicle manufacturing and the production of other machinery, but these markets are steadily drying up as local manufacturers lose their competitive edge against imports.
Demand for forged products from the mining, construction and transport sectors has been insufficient to offset the loss of sales to the Manufacturing division as these customers import finished manufactured products... purchase to read more
Industry Report - Industry Locations Chapter
The geographic distribution of industry operators broadly corresponds with the spread of population and economic activity across Australia. No iron and steel forging operators are in Tasmania, ACT or the Northern Territory, while three quarters of enterprises are located in the most populous states of New South Wales, Victoria and Queensland, broadly in line with their population share.
There is also a high representation of enterprises in Western Australia (17.3%) which broadly reflects the high demand for grinding apparatus and rail stock in the local resources sector and the need to locate close to major customers to contain transport costs and maintain close relationships with clients... purchase to read more