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 Products Chapter
The Iron Smelting and Steel Manufacturing industry produces carbon steel, iron and ferroalloy products. Carbon steel products comprise 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 and can 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. Carbon steel is manufactured by alloying carbon with pure iron. The introduction of carbon atoms prevents the iron lattices from sliding against one another, thereby hardening the resulting steel... purchase to read more