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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 | Jun 2015

Rusting away: Falling demand from downstream markets has been reducing 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
-7.4%
Annual Growth 15-20
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Profit
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Employment
17,402
Businesses
1,221
Industry Analysis & Industry Trends

The Iron Smelting and Steel Manufacturing industry has undergone a tough period of structural change over the past five years. Industry revenue is expected to fall at an annualised 7.4% over the five years through 2014-15, to reach $11.0 billion. Falling demand from downstream markets, declining domestic iron and steel prices, and competition from import markets have resulted in industry production overcapacity. This has led to some firms downsizing operations, notably the 2011 closure of one of BlueScope Steel's blast furnaces in Port Kembla, NSW. Falling domestic steel prices are projected to result in a 1.7% drop in industry revenue in 2014-15... purchase to read more

Industry Report - Starting a New Business Chapter

The Iron Smelting and Steel Manufacturing industry exhibits high barriers to entry and this level has remained steady over the past five years. The initial cost of establishing production can be substantial for prospective firms. A large amount of capital is required to start new steel manufacturing operations. There are significant costs in acquiring industrial furnaces, ovens and other equipment, and also in maintaining and upgrading existing facilities. Additionally, an even higher level of capital expenditure is needed to establish large-scale operations that are necessary to take advantage of economies of scale, to reduce or minimise marginal costs and improve profitability... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Iron Smelting and Steel Manufacturing Industry?

Firms in the 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 convert steel into primary shapes by hot- or cold-rolling them into 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 part of the industry.

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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