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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 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
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 SWOT Analysis Chapter

The Iron Smelting and Steel Manufacturing industry is in the declining stage of its economic life cycle. Industry value added (IVA), which measures an industry's contribution to the overall economy, is forecast to decline at an annualised 1.9% over the 10 years through 2021-22. The industry is therefore expected to underperform overall GDP, which is projected to grow at an annualised 2.6% over the same period. This indicates the industry's contribution to the overall economy is shrinking.

The industry has declined over the past five years due to lower steel prices, weak demand for steel from key downstream markets, and competition from substitute goods and import markets. The industry's products, technology and markets are all extremely well established... 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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