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

IBISWorld’s Iron and Steel Forging market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Annual Growth 10-15
Annual Growth 15-20
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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

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Barriers to entry in the industry are high. A large investment in capital equipment is required to be successful in the industry. Most equipment is expensive is and used in large operations. Therefore, market entrants may find it difficult to reach their break-even points, especially if they start with a limited portfolio of clients.

Other barriers to entry include certification and licensing costs. Operators may find that they need different certifications to produce different products. Upon entering the industry, operators also need to employ highly skilled labour to operate machinery, meaning that labour costs are high during the initial stage of operations.

The industry is also characterised by economies of scope... purchase to read more


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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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