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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 | Sep 2016

Cold blast: Falling demand and production volumes have significantly reduced industry revenue

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
Industry Statistics & Market Size
Annual Growth 12-17
Annual Growth 17-22
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Industry Analysis & Industry Trends

The Iron Smelting and Steel Manufacturing industry has undergone tough structural change over the past five years. Industry revenue is expected to decline at an annualised 8.4% over the five years through 2016-17, to $9.1 billion. Falling demand from downstream markets, lower steel prices and competition from import markets have created industry production overcapacity. Falling iron and steel production volumes are also likely to contribute to a 7.9% drop in industry revenue over 2016-17. Although lower prices can boost demand for steel products, the net effect is generally negative, as manufacturers generate less revenue per product... purchase to read more

Industry Report - Industry Key Buyers Chapter

The Iron Smelting and Steel Manufacturing industry is characterised by a moderate level of market share concentration. The industry's two major players alone, BlueScope Steel and Arrium, account for an estimated 49.1% of total industry revenue. Aside from these major players, the industry is made up of a large number of smaller scale iron smelters and steel manufacturers. These smaller operators make up over three-quarters of total businesses, with only 20.0% of companies generating more than $2.0 million in revenue, demonstrating the industry's extremely fragmented nature outside of the major players.

Larger steel manufacturers tend to benefit from economies of scale, giving them the ability to minimise per unit 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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