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 | Apr 2014

Testing their mettle: Industry revenue contracts as steel output falls

IBISWorld’s Iron Smelting and Steel Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Annual Growth 09-14
Annual Growth 14-19
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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 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


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 hot or cold steel rolling into primary shapes such sheets, bars and rods and scrap ferrous metals recycling. 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 production, including alloys of manganese, silicon or chromeIron or steel flat-rolled productsPig iron productionRail fastenings or other rail accessoriesSteel roof-deckingStainless steel productionSteel alloy productionStructural steel shapes, excluding fabricated steelSheet or strip tin plate production

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