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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 | Nov 2014

Lead weight: Falling demand and domestic steel prices have hurt industry revenue

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
Industry Statistics & Market Size
Revenue
$11bn
Annual Growth 10-15
-7.9%
Annual Growth 15-20
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Profit
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Employment
16,687
Businesses
1,202
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

 


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 operators that hot- or cold-roll steel into primary shapes such 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 included.

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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