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 expected to fall at a compound annual 7.9% over the five years through 2014-15, to reach $10.7 billion. Limited demand from downstream markets, falling steel prices and competition from import markets have led to overcapacity, and caused firms to downsize production. This trend has subsequently resulted in falling steel volumes and contributed to the industry's revenue decline. Falling domestic steel prices are projected to result in a 5.7% drop in revenue in 2014-15. Although price rises can limit demand for steel products, the net effect is generally positive, as manufacturers generate more revenue per product... purchase to read more
Industry Report - Industry Products Chapter
Industry operators manufacture carbon steel, iron and ferroalloy products. Carbon steel products account for the largest proportion of products manufactured in the industry, by volume. Products made from carbon steel are segmented into metal-coated, painted and other carbon steel products. Industry products are primarily derived from pure iron but can also be alloyed with other metals.
Metal-coated carbon steel
The majority of iron products are converted into carbon steel, as it is one of the most common alloys used in manufacturing and construction markets. Carbon steel is manufactured by alloying carbon with pure iron. The introduction of carbon atoms prevents the iron lattices from sliding against one another, which makes the resulting steel harder... purchase to read more