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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

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
$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 Investment Chapter

A medium level of capital intensity characterises the industry. For every dollar spent on labour, an estimated $0.27 is invested in capital. High levels of capital expenditure are required for equipment and machinery necessary to operate in the industry. Depreciation expenses are also high, as steel manufacturing equipment is often highly specialised and tends to have low salvage values. Capital equipment such as electric arc furnaces, blast furnaces, charging buckets and casting machines are very expensive and can be highly customised.

Labour costs are also high, which gives the industry a moderate level of capital intensity. Industry participants require skilled employees to operate equipment and machinery... 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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