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

IBISWorld’s Iron Smelting and Steel Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Annual Growth 09-14
Annual Growth 14-19
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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 - Industry Key Buyers Chapter

The Iron Smelting and Steel Manufacturing industry displays a medium degree of market share concentration. The industry's four largest players account for just over 40.0% of industry revenue. In April 2007, market share concentration increased when BlueScope Steel Ltd and Arrium Ltd, the industry's two largest players, acquired Smorgon Steel Group Ltd, the industry's other major player. Larger steel manufacturers have greater economies of scale, reducing wages and marginal costs and increasing profitability. In 2011-12, BlueScope Steel closed its Port Kembla operations due to competitive pressures and lower steel prices, decreasing revenue and the company's market share... purchase to read more


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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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