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Iron Smelting and Steel Manufacturing in Australia: Market Research Report

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

Iron Smelting and Steel Manufacturing Market Research Report | ANZSIC C2110 | Feb 2016

Steeling themselves: Industry enterprise numbers are set to fall further as revenue drops

IBISWorld’s Iron Smelting and Steel Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Industry Statistics & Market Size
Revenue
$11bn
Annual Growth 11-16
-6.2%
Annual Growth 16-21
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Profit
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Employment
17,373
Businesses
1,191
Industry Analysis & Industry Trends

The Iron Smelting and Steel Manufacturing industry has undergone a tough period of structural change over the past five years. Industry revenue is forecast to fall at an annualised 6.2% over the five years through 2015-16, to reach $10.8 billion. Falling demand from downstream markets, lower domestic iron and steel prices, and competition from import markets have resulted in industry production overcapacity. This has led to some firms downsizing operations, notably the 2011 closure of one of BlueScope Steel's blast furnaces in Port Kembla, NSW. Falling iron and steel production volumes are also likely to contribute to a 1.7% drop in industry revenue over 2015-16... purchase to read more

Industry Report - Industry Analysis Chapter

The Iron Smelting and Steel Manufacturing industry has declined over the past five years, with industry revenue falling significantly. Industry performance is highly dependent on demand for steel products from key downstream industries, but also on the domestic and global price of steel, and the strength of the Australian dollar. Weaker domestic demand from downstream industries and ongoing import competition have resulted in a significant decline in industry output and revenue over the past five years... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Iron Smelting and Steel Manufacturing Industry?

Firms in the industry are primarily involved in smelting or refining iron ore or iron sands into basic iron products, such as ingots, billets and slabs. The industry also includes operators that convert steel into primary shapes by hot- or cold-rolling them into sheets, bars and rods. Companies that mainly produce carbon and stainless steel from iron alloyed with other elements (such as carbon and chromium) are also part of the industry.

Industry Products
Iron productsOther carbon steel productsMetal-coated carbon steelPainted carbon steelOther ferroalloys
 
Industry Activities
Iron or steel barFerroalloy, including alloys of manganese, silicon or chromeIron or steel flat-rolled productPig ironRail fastenings or other rail accessoriesSteel roof-deckingStainless steelSteel alloyStructural steel shapes, excluding fabricated steelTin-plate sheet or strip


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