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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 | Apr 2014

Testing their mettle: Industry revenue contracts as steel output falls

The Iron Smelting and Steel Manufacturing 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
$14bn
Annual Growth 09-14
-7.2%
Annual Growth 14-19
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Profit
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Employment
19,800
Businesses
1,332
Industry Analysis & Industry Trends

The Iron Smelting and Steel Manufacturing industry has undergone a difficult period of structural change over the past five years. Industry revenue is estimated to fall at a compound annual 7.2% over the five years through 2013-14, due to limited demand from construction industries, fluctuating steel prices, competition from import markets and a strong Australian dollar. Revenue is anticipated to decline by 1.0% in 2013-14 to reach $14.0 billion. Profitability has also struggled, declining from 15.1% of revenue in 2008-09 to an estimated 0.7% in 2013-14. Production volumes, imports and exports have all decreased, contributing to the industry's poor performance over the past five years... purchase to read more

Industry Report - Starting a New Business Chapter

The industry exhibits high barriers to entry, as the cost to start production is substantial. A large amount of capital is required to begin new steel manufacturing operations and to maintain and upgrade existing facilities. In addition, an even higher level of capital expenditure is needed to establish large scale operations, in order to take advantage of greater economies of scale and reduce marginal costs. Barriers to obtain lucrative supply contracts are also high, as most incumbent operators generally have strong existing relationships with their suppliers or have their own vertically integrated supply chain. For example, Arrium Ltd has its own upstream iron ore mining operations and owns a downstream steel tube manufacturer... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Iron Smelting and Steel Manufacturing Industry?

Firms in this 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 hot or cold steel rolling into primary shapes such sheets, bars and rods and scrap ferrous metals recycling. Companies that mainly produce carbon and stainless steel from iron alloyed with other elements, such as carbon and chromium, are also included.

Industry Products
Iron productsOther carbon steel productsMetal-coated carbon steelPainted carbon steelOther ferroalloys
 
Industry Activities
Iron or steel barFerroalloy production, including alloys of manganese, silicon or chromeIron or steel flat-rolled productsPig iron productionRail fastenings or other rail accessoriesSteel roof-deckingStainless steel productionSteel alloy productionStructural steel shapes, excluding fabricated steelSheet or strip tin plate production


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