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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 | Feb 2016

Steeling themselves: Industry enterprise numbers are set to fall further as revenue drops

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
Industry Statistics & Market Size
Revenue
$11bn
Annual Growth 11-16
-6.2%
Annual Growth 16-21
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Profit
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Employment
17,373
Businesses
1,191
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 forecast to fall at an annualised 6.2% over the five years through 2015-16, to reach $10.8 billion. Falling demand from downstream markets, lower 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 iron and steel production volumes are also likely to contribute to a 1.7% drop in industry revenue over 2015-16... 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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