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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Annual Growth 10-15
Annual Growth 15-20
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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 Locations Chapter

Australia's steel production is based mainly in Sydney and Port Kembla, NSW, Laverton and Westernport Bay, VIC, and Whyalla, SA. With the exception of Arrium's operations in Whyalla, industry locations tend to reflect the availability and location of downstream markets rather than access to input materials such as iron ore. As a result, industry enterprises have a similar distribution to Australia's overall population and economic activity, rather than to its mining activity. A relatively small share of firms in the industry are located in Western Australia, even though a majority of Australia's iron ore mining occurs in this state... purchase to read more


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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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